Pacific Fruit fined in banana cartel, Chiquita slips by

Pacific Fruit fined in banana cartel, Chiquita slips by


The European Commission adopted a decision concluding that the Chiquita and Pacific Fruit groups have operated a price fixing cartel in Southern Europe from July 2004 to April 2005, affecting consumers in Italy, Greece, and Portugal. This is in clear violation of Article 101 of the Treaty of the Functioning of the European Union (TFEU) of the antitrust rules, which ban cartels and restrictive business practices.

Competition Commissioner Joaquin Almunia said: "Companies need to be ...


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