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German Competition Authority: BKartA fines Kraft, Unilever, Dr. August Oetker for information exchange

( March 17, 2011, 08:41 GMT | Official Statement) -- MLex Summary: The German competition authority has fined Kraft Foods, Unilever and Dr. August Oetker 38 million euros for exchange of information regarding the status and progress of negotiations with certain retailers and planned price increases towards their retailers. Mars escaped fines as the successful leniency applicant. Investigations into another unnamed company are still ongoing. The products concerned are confectionery, ice cream, ready-to-eat meals, frozen pizzas, pet food and detergents. German and English version of the press release follows below. Millionenbuße gegen Konsumgüterhersteller wegen wettbewerbsbeschränkendem Informationsaustausch...

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