ZEG fined EUR13.4 million in Germany for fixing bike prices
( January 29, 2019, 10:22 GMT | Official Statement) -- MLex Summary: The German competition authority has imposed fines totaling around 13.4 million euros on bicycle wholesaler ZEG. The independent retailers were asked not to undercut the minimum sales prices set by ZEG for different bicycle models, which "greatly restricted price competition between the members of the purchasing cooperation to the detriment of the consumer," said Andreas Mundt, the head of the Bundeskartellamt.Statement follows....
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