Competition Regulator Fines Bunge, Kaliakra for Unfair Competition

Competition Regulator Fines Bunge, Kaliakra for Unfair Competition

 Bulgaria’s anti-trust watchdog has imposed a combined 2.0 million levs ($1.3 million/1.0 million euro) fine on global agribusiness and food group Bunge, local sunflower oil producer Kaliakra, and their main distributors in the country for price fixing.
The Commission for Protection of Competition established that the oil producers had obliged their distributors to sell their products at fixed prices. Evidence of the collusion is the identical contracts and the control mechanisms applied for observing the terms, CPC said in a statement.
The anti-trust regulator has imposed sanctions of 629,000 levs ($423,000/322,000 euro) for Bunge Zrt – Hungary, 91,300 levs for Bunge Romania, 111,000 levs for Kaliakra and fined their main distributors with a total of 1.4 million levs.
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