Dutch watchdog fines four tobacco companies

The Authority for Consumers and Markets (ACM), a Dutch competition watchdog, has fined four tobacco companies for breaching anti-competition rules. The fines were issued to British American Tobacco (BAT), Philip Morris, Japan Tobacco International (JTI), and Ven Nelle and ranged from €10.4m to €31.2m. The fines relate to the companies allegedly sharing information about future price changes. All four companies have filed objections with the ACM.

Source: https://uk.reuters.com/article/uk-netherlands-tobacco/dutch-competition-watchdog-fines-four-tobacco-companies-82-million-euros-idUKKBN26K0OZ