Beer giants under investigation in Germany
Several of the world’s biggest brewers are under investigation in Germany having been accused of price fixing and could pay millions in fines.
German magazine Focus, recently accused Carlsberg, AB InBev, SABMiller, Warsteiner, Oetker, Erdinger, Bitburger and Krombacher of fixing the prices of 24 beer brands including Beck’s, Holsten and Warsteiner.
Apparently the brands have been under investigation by the German Federal Cartel Office (Bundeskartellamt) since August 2011.
AB InBev also confirmed that it was under investigation, confirming: “In August 2011, the German Federal Cartel Office launched an investigation against several breweries and retailers in Germany in connection with an allegation of anticompetitive vertical price maintenance by breweries vis-à-vis their trading partners in Germany.”
None of the breweries involved have so far commented on Focus’ claim that the total of fines that could be levied will amount to hundreds of millions of euros.