E.C. Fines Brewers €273M, Breaking Cartel Fine Record

Law360, New York (April 18, 2007, 12:00 AM EDT) -- Europe’s competition watchdog set a new annual record for cartel fines on Wednesday when it fined a group of brewers a collective €273 million for fixing Dutch beer prices, bringing the agency’s year-to-date cartel fine total to €2 billion.

The European Commission slapped Heineken with a €219.27 million fine, while Grolsch NV was ordered to pay €31.65 million and Bavaria NV €22.85 million. InBev SA evaded any financial penalty because it came forward with information about the cartel, exempting it from fines under the Commission’s leniency...
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