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German sweet maker Haribo fined for price talks

Published on Aug 1, 2012 8:24 PM
 

BERLIN (AFP) - German antitrust authorities said on Wednesday they had fined sweet maker Haribo more than two million euros for the banned swapping of sales information with rival producers.

Haribo, best known for its fruity gummy bear sweets, and one of its employees have been ordered to pay about 2.4 million euros (S$3.6 million), the federal cartel office said in a written statement.

Staff from the company regularly met up with officials from three other sweet producers in 2006 and 2007 to informally exchange details on talks with retailers on discounts.

Cartel office head Andreas Mundt said in the statement that such behaviour still impaired competition even if it was not a question of "hardcore arrangements about prices, branches, customers or quotas".

 
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