Italian Regulator Fines Snack Makers for Cartel Activities
The Italian competition watchdog, AGCM, has fined three snack manufacturers—Amica Chips, Pata, and Preziosi Food—a combined €23.3 million for participating in a cartel that coordinated commercial strategies in the market for savoury snacks sold under private labels. The fines were reduced for Amica Chips and Pata due to their cooperation, and the regulator used a settlement mechanism for the first time under Italian law.
Topics: antitrust cartel competition law fines regulatory action