Dairies Agree To £116M Price-Fixing Fine

Law360, New York (December 7, 2007, 12:00 AM EST) -- Several major U.K. supermarket chains and dairy processors that were targeted by an Office of Fair Trading probe into dairy prices have agreed to pay a total of £116 million to settle the antitrust allegations.

The settlement, disclosed on Friday, will bring an end to allegations that the supermarkets and dairy processors colluded to set the prices of milk, value butter and U.K.-produced cheese.

“The OFT has now concluded early resolution agreements with Asda, Dairy Crest, Safeway (in relation to conduct prior to its acquisition by...
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