Italian Watchdog Probes Verallia and Local Glass Firms for Anticompetitive Practices

Verallia Italia a prominent subsidiary of glass packaging giant Verallia, finds itself under scrutiny by the Italian Antitrust Authority, alongside several other local glass manufacturers. The investigation revolves around alleged anticompetitive practices in the production and commercialization of glass wine bottles in Italy, specifically those manufactured from the year 2022 onward.

On Wednesday, November 8, 2023, officials from the Italian Antitrust Authority conducted inspections at the main offices of Verallia Italia S.p.a. and other implicated companies. The investigation also extended to the national trade association Assovetro.

Verallia, in response to the investigation, has promptly provided all requested information and is actively cooperating with the Antitrust Authority throughout the process. The company, known for its commitment to compliance with regulations and business ethics, reiterated that these principles are fundamental to its values.

Read more: Italian Watchdog Probes Alleged Wine Bottle Price-Fixing Cartel

According to Yahoo, despite the allegations, Verallia categorically denies any inappropriate behavior and expresses confidence in its ability to demonstrate the legitimacy of its position regarding the investigation. It is crucial to note that the initiation of the investigation does not imply any findings of wrongdoing at this stage.

Verallia, a global leader in glass packaging solutions, plays a significant role in the industry. As the investigation unfolds, stakeholders will be closely watching for further developments and the resolution of this matter.

Source: Finance Yahoo