Flour Millers Fined $317 Million by French Antitrust Authority
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France’s competition regulator fined French and German flour millers about 242 million euros ($317 million) for anticompetitive practices in the retail market.
A 14-member Franco-German cartel was fined 95.5 million euros for conspiring between 2002 and 2008 to limit flour exports between the two countries. A German miller contacted the Paris-based regulator about the cartel and the agency opened the investigation in 2008. The informing company, Wilh. Werhahn KG, avoided a 16.7 million-euro fine.