A PYMNTS Company

Germany: Renewable energy company co-operates antitrust authorities

By  |  March 8, 2015

German agribusiness and renewable energy company BayWa has welcomed an investigation from the country’s antitrust authority, which involved a search of offices at the company’s headquarters on March 3.

The investigation is based on the suspicion that employees of the company were allegedly involved in agreements aimed at restricting competition in the wholesale trade of crop protection materials.

“BayWa will cooperate fully with the Bundeskartellamt in all matters,” CEO Klaus Lutz said.

“Our greatest interest lies in resolving this matter completely and in punishing any misconduct to the fullest extent.”

 

Full Content: Euro Fruit

 

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.