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PepsiCo unit fined EUR16.2 mln in Greek probe of snack market

By Lewis Crofts ( February 8, 2012, 15:39 GMT | Insight) -- Tasty Foods, a subsidiary of PepsiCo, must pay 16.2 million euros in fines after the Greek competition authority sanctioned it for abusive conduct on the salted snack market. Following a complaint from a Coca Cola business unit, Tasty Foods was found to have used illegal rebates and exclusivity arrangements, as well as vandalised the product racks of rivals.Brussels - Tasty Foods, a subsidiary of PepsiCo, must pay 16.2 million euros in fines after the Greek competition authority sanctioned it for abusive conduct on the salted snack market. Following a complaint from a Coca Cola business unit, Tasty Foods was found to have used illegal rebates and exclusivity arrangements, as well as vandalised the product racks of rivals....

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