Spanish regulator fines Danone, Nestle, Lactalis for price collusion
Dairy giants fined for price collusion
The Spanish National Commission of Markets and Competition (CNMC) handed out fines totalling EUR88.2m (US$97.3m) to the dairies who the regulator accused of sharing sensitive information on the purchase price of unpasteurised milk at both a national and regional level.
The largest penalty was handed out to Danone's Spanish subsidiary, which was ordered to pay EUR23.2m. Other fines included: Corporacion Alimentaria Penasanta at EUR21.8m, Lactalis at EUR11.6m; Nestle at EUR10.6m; Puleva Food at EUR10.2m; Calidad Pascual at EUR8.5m; Senoble at EUR929,644; Central Lechera at EUR689,477; Gremio de Industrias at EUR200,000; Asociacion de Empresas Lacteas de Galicia at EUR100,000; and Central Lochera de Galicia at EUR53,310.
Lactalis, Danone and Nestle did not respond immediately to requests for comment.
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