EU Shuts Sugar Price-Fixing Investigation on Lack of Evidence
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European Union competition regulators said they closed a probe into the sugar industry, a day after Suedzucker AG, Nordzucker AG and Pfeifer & Langen were fined by Germany’s antitrust agency for price-fixing.
Raids on Suedzucker and Nordzucker by the European Commission last year failed to unearth evidence of competition violations across Europe, the Brussels-based EU authority said in an e-mailed statement today.