The Dutch Competition Authority fines cold-storage firms for cartel (Kloosbeheer)

ACM imposed fines of EUR 12.5 million on cold-storage firms* The Netherlands Authority for Consumers and Markets (ACM) has imposed fines, totaling almost EUR 12.5 million, in three cases on four companies in the cold storage industry (freezing and refrigerated storage). Five executives were each imposed personal fines, the highest of which was EUR 144,000. Between 2006 and 2009, the companies involved were holding merger talks, but, in those talks, they made arrangements about prices, exchanged competition-sensitive information, and shared customers among each other. As a result thereof, competition

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Netherlands Competition Authority, The Dutch Competition Authority fines cold-storage firms for cartel (Kloosbeheer), 23 March 2016, e-Competitions March 2016, Art. N° 78815

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