A PYMNTS Company

Hellenic Competition Commission fines PepsiCo snack unit 16.2 million euros

By  |  February 8, 2012

The Hellenic Competition Commission has fined Tasty Foods, the Greek snack unit of PepsiCo, € 16.177.514 million for abuse of its dominant position (violations of Articles 2 of Greek Law 703/77 and 102 TFEU) and infringements of restrictive agreements (violations of Articles 1 of Greek Law 703/77 and 101 TFEU). According to the Commission Press Release, Tasty Foods “sought to exclude its competitors from smaller retail outlets (notably kiosks, grocery stores and traditional food stores & mini-markets), and to limit their growth possibilities.” The activities penalized, including wholesale exclusivity agreements and conditional reates, took place from 2000 to 2008.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.