Israel: Antitrust Authority indicts bread cartel

Sep 07, 2012

Israelian Antitrust Authority indicted Angel Bakeries Ltd., J&E Berman Group Ltd., and Davidovich Bakery Ltd. and their executives for price fixing in the bread cartel affair. Prior to the period under suspicion of price fixing, there was competition for sales of the standard loaf, and prices were lower than the maximum price set by the ministry.

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