InBev avoids fine from Commission

18th April 2007, Comments 0 comments

18 April 2007, BRUSSELS - Belgian-Brazilian brewer InBev has managed to avoid a fine from the European Commission for its part in a price-fixing cartel on the Dutch beer market.

18 April 2007

BRUSSELS - Belgian-Brazilian brewer InBev has managed to avoid a fine from the European Commission for its part in a price-fixing cartel on the Dutch beer market.

The other members of the cartel (Heineken, Grolsch and Bavaria) have been imposed fines totalling EUR 273 million.

InBev's fine is being waived as part of the Commission's clemency scheme because it provided the authorities important information about the cartel.

European Commissioner for Competition Neelie Kroes says that the companies divided up the market and kept prices artificially high in the Netherlands between 1996 and 1999.

[Copyright Expatica News 2007]

Subject: Belgian news

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