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October 3, 2012

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State Slaps 1.27 million euros Fine On Kraft Foods Hellas For "Fixing Prices"

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Market watchdog authorities on Monday announced a decision to fine Kraft Foods Hellas SA with 1.27 million euros for transfer price fixing practices. The fine covers activities by Cadbury Hellas SA in 2008. The company was absorbed by Kraft Foods Hellas in 2010. Thanasis Skordas, Development Deputy Minister, commenting on the decision, said the ministry was sending a message to the market that it was determined to continue inspections for unfair practices in the market. (AMNA)
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