French, German Flour Makers Fined €242M For Cartel

Law360, New York (March 13, 2012, 2:44 PM EDT) -- A group of French and German flour producers have been fined €242.4 million ($317.3 million) for entering into two separate anti-competitive agreements aimed at restricting the importation of flour into both countries and fixing prices, France’s antitrust watchdog said on Tuesday.

A cartel of German and French millers was in effect from 2002 to 2008, which was aimed at limiting imports of flour between France and Germany, according to the Autorite de la Concurrence.

After the regulator was tipped off to the cartel in 2008, it...
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