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Belgium charges cigarette makers for exchanging information on prices

Marine Strauss
·1-min read

By Marine Strauss

BRUSSELS (Reuters) - The Belgian Competition Authority (BCA) said on Friday it had charged four cigarette companies with breaching competition law by exchanging information of future prices to wholesalers.

The authority said in a statement the companies were subsidiaries of Philip Morris, Imperial Brands, Japan Tobacco and British American Tobacco, accounting for 90% of cigarette consumption in Belgium.

"The competition prosecutor alleges the existence of anti-competitive practices that lasted for several years and consisted in repeated exchanges of information on their future prices through wholesalers," the BCA said in an emailed statement.

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It said that, through the wholesalers, they received information on the future prices of competitors.

A formal inquiry started in May 2017, followed by raids a month later as part of the investigation.

(Reporting by Marine Strauss @StraussMarine; editing by Philip Blenkinsop)