{"id":4235,"date":"2023-05-04T16:16:05","date_gmt":"2023-05-04T20:16:05","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/carlsberg-agrees-to-pay-50-million-euro-fine-in-german-price-fixing-case\/"},"modified":"2023-05-04T16:16:06","modified_gmt":"2023-05-04T20:16:06","slug":"carlsberg-agrees-to-pay-50-million-euro-fine-in-german-price-fixing-case","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=4235","title":{"rendered":"Carlsberg agrees to pay 50 million euro fine in German price-fixing case"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: A Carlsberg beer sits on a table in a restaurant in Copenhagen, Denmark, July 30, 2022. REUTERS\/Andrew Kelly<\/span>
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COPENHAGEN (Reuters) – Danish brewer Carlsberg (OTC:) has reached a settlement with German authorities and agreed to pay a 50 million-euro ($55 million) fine over the alleged formation of a cartel more than a decade ago.<\/p>\n

It said it refuted the allegations but had settled in order to focus on its core business of brewing beer. <\/p>\n

“We confirm that Carlsberg Deutschland Holding GmbH has reached a settlement in this case, which has been ongoing for 11 years and required an enormous amount of time and financial resources,” Carlsberg’s head of communications, Tanja Frederiksen, said in a statement. <\/p>\n

“We still strongly disagree with the charges and maintain our innocence, but we have taken this decision in order to be able to fully focus again on the future of Carlsberg Deutschland Holding GmbH,” Frederiksen said.<\/p>\n

The case was concluded on Tuesday at the D\u00fcsseldorf Higher Regional Court, Carlsberg said. German newspaper Frankfurter Allgemeine Zeitung (FAZ) reported the news on Tuesday.<\/p>\n

($1 = 0.9063 euros) <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: A Carlsberg beer sits on a table in a restaurant in Copenhagen, Denmark, July 30, 2022. REUTERS\/Andrew Kelly COPENHAGEN (Reuters) – Danish brewer Carlsberg (OTC:) has reached a settlement with German authorities and agreed to pay a 50 million-euro ($55 million) fine over the alleged formation of a cartel more than […]<\/p>\n","protected":false},"author":1,"featured_media":2857,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-4235","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nCarlsberg agrees to pay 50 million euro fine in German price-fixing case | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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