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German cartel office fines retailers for foodstuffs price-fixing

Reuters - UK Focus

FRANKFURT, May 9 (Reuters) - The German cartel office on Monday fined several retailers including Metro (Other OTC: MTRAF - news) a total of 90.5 million euros ($103 million) for price-fixing in beer, sweets and coffee.

The cartel office said it fined German retailers Edeka, Netto and Metro for price-fixing of several beer brands.

The German branch of global player Anheuser Busch InBev as well as German retailer REWE were spared a fine as they collaborated with the authorities early on, the office said in a statement.

Anheuser Busch owns beer brands including Becks, Franziskaner and Hasseroeder.

The office, which has been investigating the German beer market since 2010, also fined German retailer Lidl for price-fixing of Haribo sweets and drug store chain Rossmann for fixing its coffee prices. ($1 = 0.8777 euros) (Reporting by Tina Bellon; Editing by Georgina Prodhan)