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German brewery cartel fined for price fixing


Germany

German brewery cartel fined for price fixing

Five German breweries and seven individuals convicted of fixing beer prices have been fined 106.5 million euros.

Germany’s biggest family-owned beer maker, Krombacher Brauerei GmbH, was among the five companies fined.

The so-called “Brewery Cartel” illegally colluded to raise the price of beer between 2006 and 2008.

Anheuser-Busch InBev alerted authorities to the cartel and thus escaped a fine..

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