Flour Supplier Accepts €24M Fine To End Antitrust Probe

Law360, New York (October 25, 2011, 6:14 PM EDT) -- Germany’s competition agency on Tuesday leveled a €23.8 million ($33.1 million) fine against leading flour supplier VK Muehlen AG, after the company agreed to pay to end the regulator’s probe into a system of allegedly anti-competitive agreements between flour producers.

The German Federal Cartel Office said it had fined Hamburg-based VK Muehlen as a result of a three-year investigation into anti-competitive market sharing agreements that had controlled the prices of flour and the quantities produced.

The multimillion-dollar fine against VK Muehlen — one of the largest...
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