Brewers to appeal fines

18th April 2007, Comments 0 comments

18 April 2007, AMSTERDAM – The European Commission has fined Heineken EUR 219 million for prohibited price-fixing agreements with other brewers. The Commission has imposed fines totalling almost EUR 274 million. Grolsch will have to pay EUR 31.65 million and Bavaria EUR 22.85 million. Belgian brewer InBev is being waived a fine of EUR 84 million because the company provided "important information" about the cartel, the Commission says.

18 April 2007

AMSTERDAM – The European Commission has fined Heineken EUR 219 million for prohibited price-fixing agreements with other brewers. The Commission has imposed fines totalling almost EUR 274 million.
 
Grolsch will have to pay EUR 31.65 million and Bavaria EUR 22.85 million. Belgian brewer InBev is being waived a fine of EUR 84 million because the company provided "important information" about the cartel, the Commission says.

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.

All four companies have denied the accusations from the beginning. Heineken, Grolsch and Bavaria will all appeal the fines imposed upon them by the European Commission.
 
In a statement released on Wednesday Heineken denies that the brewers conspired to keep beer prices artificially high in the second half of the 1990s. Shop prices for beer even dropped during the time in question and the price of beer increased in bars, cafes and restaurants in line with inflation, the Dutch market leader insists.

[Copyright Expatica News + ANP 2007]

Subject: Dutch news

0 Comments To This Article