Turkish competition authority fines tyre companies $78.5 million
Turkish competition authority fines tyre companies $78.5 million ISTANBUL, June 16 (Reuters) - Turkey's competition authority said on Tuesday that it fined tyre manufacturers and distributors a combined 3.633 billion lira ($78.47 million) for price coordination, anti-competitive dealer restrictions and labor market violations.
Brisa received the highest fine at 1.02 billion liras, followed by Goodyear at 672 million liras and Continental at 397 million liras, the competition authority said.
Violations included coordinated pricing among competitors and the exchange of sensitive labour market information among others, the authority said.
($1 = 46.2967 liras)
(Reporting by Ezgi Erkoyun; Editing by Daren Butler)
((ezgi.erkoyun@thomsonreuters.com; +90-212-350 7051; Reuters Messaging: ezgi.erkoyun.thomsonreuters.com@reuters.net;))
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