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Norwegian grocery chains fined $465 million over price surveillance

( August 21, 2024, 07:52 GMT | Official Statement) -- MLex Summary: Norwegian grocery chains Coop, Norgesgruppen and Rema have been fined a total of 4.9 billion kroner (around $465 million) for their cooperation in providing access to large-scale price surveillance in each other's stores, the national antitrust authority said today. The chains had illegally shared large quantities of price information with each other, weakening competition on the domestic market. “This is serious violation which is reflected in the size of the fines,” said Tina Søreide, director-general of the Konkurransetilsynet.Statement follows. ...

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