Germany Fines Food Exec For Missing Merger Info

Law360, New York (January 15, 2013, 3:38 PM EST) -- Germany's antitrust watchdog hit the head of food conglomerate Tonnies Holding GmbH & Co. KG with a €90,000 ($120,000) fine Tuesday for failing to include key information when seeking clearance to acquire slaughterhouse operator Tummel, a deal the enforcer ultimately decided to block.

Because Tonnies Holding head Clemens Tonnies agreed to settle the allegations, the German Federal Cartel Office stopped short of imposing the maximum €100,000 penalty on the entrepreneur for failing to include information about his majority stake in the zur Muhlen-Gruppe, a major player...
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