In December 2010 the Spanish Supreme Court (“Tribunal Supremo”) confirmed that the bakeries Association of the Valencia province (“Federación Gremial de Panadería y Pastelería de la Provincia de Valencia”) had taken part in an anticompetitive collusive practice when it recommended minimum prices for bread sold in the province. However, it reduced the amount of the fine imposed by the former Spanish Competition Authority (“Tribunal de Defensa de la Competencia”) - now the Spanish Competition Commission - in October 2006, and confirmed by the National Court (“Audiencia Nacional) in February 2008, from € 300,000 to € 150,000, based on the duration of the infringement and the geographic market concerned. Following inspections carried out in 2004 the former Competition
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The Spanish Supreme Court halves an antitrust fine in the bakery sector to €150.000 (Bakeries Association of Valencia province)
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