You are currently viewing the International Edition. You can also switch to the Hong Kong Edition.
Saturday 23 August 2014

Beer prices to rise in Germany after fines

20th January, 2014 by Rupert Millar

Beer prices in Germany will rise slightly following a €100 million fine levied on the country’s biggest brewers due to price fixing.

Australian beerAccording to the English language publication The Local, German drink retailers, Sepp Gail has predicted a rise in beer prices in the wake of the fine.

Last week the Federal Cartel Office fined five breweries including Bitburger, Krombacher and Veltins, €106.5m for fixing the price of draught beer in 2006 and bottled beer in 2008.

The price of 20 bottled beers rose by €1 as a result and the price of 100 litres went up between €5 and €7.

Six other brewers are also under investigation and could face a similar penalty.

Gail told Der Spiegel that the impact on the brewers’ profits would mean prices were likely to rise

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

If that's interesting, how about these?