View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 6, 2015

UPDATE: Nestle to appeal Spanish pricing accusations

Nestle plans to appeal against a decision from the Spanish competition regulator decision that found the company, alongside ten other dairies, guilty of price collusion in the market.

Nestle plans to appeal against a decision from the Spanish competition regulator decision that found the company, alongside ten other dairies, guilty of price collusion in the market. 

Earlier this week, the Spanish National Commission of Markets and Competition (CNMC) handed out fines totalling EUR88.2m (US$97.3m) to the dairies. The regulator accused eleven companies of sharing sensitive information on the purchase price of unpasteurised milk at both a national and regional level.  

A spokesperson for Nestle told just-food: "Nestle Spain complies strictly with the current legislation. We are absolutely convinced that we have not broken the competition rules and the facts are not credited. This is the reason why Nestle have decided to appeal against the decision of the CNMC to the High Court."

Other dairies included in the decision were: Danone, Lactalis, Corporacion Alimentaria Penasanta, Puleva Food, Calidad Pascual, Senoble, Central Lechera, Gremio de Industrias, Asociacion de Empresas Lacteas de Galicia and Central Lochera de Galicia. At the time of writing, it is unclear whether the other dairy manufacturers are also preparing to appeal the decision. 

Related Companies

Topics in this article: , , ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food