Business Services Industry
Norwegian competition authority considers NOK45m fine for TINE BA
Nordic Business Report, Sept 19, 2005
NORDIC BUSINESS REPORT-19 September 2005-Norwegian competition authority considers NOK45m fine for TINE BA(C)1994-2005 M2 COMMUNICATIONS LTD http://www.m2.com
The Norwegian dairy group TINE BA confirmed on Monday (19 September) that the Norwegian competition authority Konkurransetilsynet was considering fining the company NOK45m for allegedly abusing its dominant position on the market.
The competition authority's claims allege that TINE tried to use its position to achieve exclusive cheese supply agreements with the retail chains REMA 1000 and ICA.
TINE has denied the allegations.
One Norwegian krone (NOK) is worth approximately 0.08 British pounds (GBP).
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