InBev accused of cartel activity in Indian market

InBev accused of cartel activity in Indian market

According to an investigation by the Indian Competition Commission (ICC), the world's three largest international breweries - United Breweries, AB InBev and Carlsberg - illegally fixed prices for their beer sales in India.

United Breweries (India), Carlsberg (Denmark) and the Belgian-Brazilian group AB InBev hold about 85% of the Indian beer market, which represents some 7 billion euros.

Searches conducted in 2018 revealed that 15 to 20 managers had secretly negotiated beer prices. 

The ICC has set up a remission programme for cartel members who accept to become whistle-blowers. In 2018, AB InBev itself sounded the alarm.

The three beer companies could be fined a total of 285 million USD, several sources had previously indicated.

The results of this inquiry, of which Reuters was informed of, are not yet official. 

The Brussels Times


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