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German brewers fined 106.5m euros for price-fixing | German brewers fined 106.5m euros for price-fixing |
(about 17 hours later) | |
German competition authorities have fined five big breweries a total of 106.5m euros (£88.8m; $145m) for illegal price-fixing. | German competition authorities have fined five big breweries a total of 106.5m euros (£88.8m; $145m) for illegal price-fixing. |
Bitburger, Krombacher, Veltins, Warsteiner and Barre were all penalised, as well as seven people who were found personally responsible. | Bitburger, Krombacher, Veltins, Warsteiner and Barre were all penalised, as well as seven people who were found personally responsible. |
The Federal Cartel Office said they had colluded on price rises for draught and bottled beers between 2006 and 2008. | |
The office says six other brewers are still under investigation. | The office says six other brewers are still under investigation. |
It added that the investigation was prompted by information from the German unit of global beer giant Anheuser-Busch Inbev, which brews Becks beer. | It added that the investigation was prompted by information from the German unit of global beer giant Anheuser-Busch Inbev, which brews Becks beer. |
The company escaped a fine because of its co-operation with the inquiry. | The company escaped a fine because of its co-operation with the inquiry. |
Germany is the biggest producer of beer in Europe. | Germany is the biggest producer of beer in Europe. |
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