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.