Danube Foods Group BV, a unit of Salford Capital Partners, will get back fines paid to Serbia’s antitrust commission after a high court overturned the regulator’s decision to punish Danube’s two dairies.
Last year’s decision by Serbia’s Commission for Protection of Competition to fine Imlek AD (IMLK) and Mlekara Subotica AD (MLSU) with 305.2 million dinars ($3.23 million) for alleged abuse of dominant position on the milk market, was annulled by Serbia’s Supreme Court of Appeal and the amounts will be repaid with interest, the company said in an e-mailed statement.
The court found the commission didn’t prove that the two diaries, among the three biggest in the Balkan country, manipulated prices or otherwise abused their market position, the company said in the statement. The commission fined Danube Foods in January last year.
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