Brief: Portuguese Regulator Fines Pingo Doce, Auchan, Modelo Continente And JNTL Consumer Health Portugal For Price Fixing

Sonae SGPS SA

27/04/2023 06:25

April 27 (Reuters) - Portugal's Autoridade da
Concorrência (AdC):
    * SAID ON WEDNESDAY IT IMPOSED FINES TO THREE SUPERMARKET
CHAINS -
AUCHAN, MODELO CONTINENTE AND PINGO DOCE - AS WELL AS TO JOINT
SUPPLIER OF BEAUTY, COSMETICS, AND PERSONAL CARE PRODUCTS, JNTL
CONSUMER HEALTH PORTUGAL
    * FINE FOR HAVING PARTICIPATED IN CONSUMER PRICE FIXING
SCHEME(PVP) OF SUPPLIER'S PRODUCTS 
    * PARTICIPATING DISTRIBUTION COMPANIES ADOPTED BEHAVIOURS
WITH
PURPOSE OF FIXING RETAIL PRICES IN THEIR SUPERMARKETS, SOFTENING
COMPETITION, THROUGH CONTACTS ESTABLISHED THROUGH COMMON
SUPPLIER, WITHOUT NEED TO COMMUNICATE DIRECTLY WITH EACH OTHER
    * TOTAL FINE OF 16.9 MILLION EURO WAS IMPOSED FOR
INFRINGEMENT
    * PINGO DOCE WAS FINED WITH 3.3 MILLION EURO, AUCHAN WAS
FINED
WITH 1.5 MILLION EUROS
    * MODELO CONTINENTE WAS FINED WITH 7.7 MILLION EUROS WHILE
JNTL
CONSUMER HEALTH PORTUGAL WAS FINED WITH 4.4 MILLION EUROS
    * FINES IMPOSED ARE DETERMINED BY TURNOVER OF COMPANIES
SANCTIONED
IN AFFECTED MARKETS IN YEARS OF PRACTICE
    * WHEN SETTING FINES, ADC TAKES INTO ACCOUNT SERIOUSNESS AND
DURATION OF INFRINGEMENT, DEGREE OF PARTICIPATION OF THE
UNDERTAKINGS, ECONOMIC SITUATION OF UNDERTAKINGS, AMONG OTHER
CIRCUMSTANCES

        
 Source text: https://bit.ly/3NieR8u
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