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Three grocery chains could face NOK21 billion fine for ‘price-hunting practices,’ Norwegian watchdog warns

( December 15, 2020, 09:03 GMT | Official Statement) -- MLex Summary: Grocery chains Norgesgruppen, Coop and Rema could be fined 21 billion kroner (around $2.4 billion), Norway's competition authority has said in a formal antitrust charge sheet. The supermarket chains agreed to allow their staff to access each other's stores to monitor shelf prices and then use the information to coordinate prices. The practice — which has been ongoing since 2011 — “may have resulted in higher grocery prices to the detriment of consumers,” according to the office's preliminary view made public today.Statement follows. ...

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