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Large sugar producers in Germany must pay gigantic damages for price fixing

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The court in Mannheim awarded the customers of sugar producers large damages. Large producers Suedzucker, Nordzucker and Pfeifer & Langen are to pay millions in damages for imposing too high sugar prices as a result of cartel agreements, the court ruled.

The district court in Mannheim decided on Friday that Nestle Deutschland AG was entitled to around 8.4 million euros in damages and Molkerei Alois Mueller GmbH & Co. – up to approximately EUR 6.3 million plus similar interest. The judgments are not yet final and the parties have the right to appeal, the court spokesman said. In its judgments, the court stated that the prices of processed sugar in Germany were increased by about 2%. in the period from 1997 to September 2009 due to actions violating the freedom of competition. “The manufacturers have denied that their customers have suffered any damage,” the Sueddeutsche Zeitung newspaper reported.

Classic price fixing

In 2014, the Bundeskartellamt (Antitrust Authority) imposed fines of €280 million on the manufacturer Suedzucker from Mannheim, Nordzucker from Braunschweig and Pfeifer & Langen (Diamant-Zucker) from Cologne. The Office found that the companies agreed on sales areas, amounts and prices over several years up to 2009.

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Main photo source: Shutterstock



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