Heineken subsidiary handed record Greek fine

heineken

The company will now have to introduce new written contracts to avoid repeating the infringement, according to the ruling.

A Greek subsidiary of Dutch brewer Heineken has been fined €31.5 million for market abuse, in the largest such fine ever levied by Greece’s competition watchdog.

The Competition Commission announced that the subsidiary, Athenian Brewery, was fined for abusing its dominant position in the production and distribution of beer.

“This is the highest fine that the commission has ever imposed on a single company in Greece,” Competition Commission boss Dimitris Kyritsakis told Reuters.

The commission said Athenian had enforced policies which excluded its rivals from the on-trade consumption market over a 15-year period and has engaged in restrictive wholesale practices.

source:Neos Kosmos

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