The Lithuanian Competition Council imposes fines on the provider of cash handling services and three major banks for anti-competitive agreements in the cash handling services (G4S Lietuva / DNB bank / SEB bank and Swedbank)

Lithuania: The Competition Council imposes Fines on Cash Handling Services Provider and three Banks for Restricting Competition in Cash Handling and Cash in Transit Services* On 20 December 2012, the Lithuanian Competition Council (CC) imposed fines exceeding LTL 57 000 000 (approximately € 16 000 000) on the provider of cash handling services G4S Lietuva (G4S), and three major banks in Lithuania: AB DNB bank, AB SEB bank and Swedbank (together the “Banks”) for anti- competitive agreements between G4S and the Banks in cash-in-transit (CIT) and cash handling services’ markets. The

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

Quotation

European Competition Network Brief, The Lithuanian Competition Council imposes fines on the provider of cash handling services and three major banks for anti-competitive agreements in the cash handling services (G4S Lietuva / DNB bank / SEB bank and Swedbank), 20 December 2012, e-Competitions Bulletin December 2012, Art. N° 51201

Visites 180

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues