Portugal Pours Out €304M In Fines For Beverage Price-Fixing
Law360 (December 23, 2020, 4:12 PM EST) -- Portugal's antitrust enforcer has fined several large retail chains and a pair of beverage suppliers a total of €304 million (about $370.5 million) for participating in conspiracies to raise prices for beer, wine and spirits.
The Portuguese Competition Authority, known as the AdC, said in a statement Monday that it issued fines in two separate cases involving so-called hub-and-spoke conspiracies, where competitors coordinate prices or exchange information through a common supplier to avoid the appearance of collusion with each other.
The agency said hub-and-spoke conspiracies are considered very serious and harmful to consumers and that these are its first cases taking...
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