Cardboard box maker Smurfit Kappa (SKG) announced on Tuesday, August 6, its Italian unit has been fined €124 million (US$138.8 million) as authorities in the country found that 50 paper and packaging groups had engaged in anti-competitive practices.
SKG stated that it was “very disappointed” with the finding of the Italian Market Competitiveness Protection Authority (AGCM) “on many levels and will vigorously appeal this decision on both administrative and substantive grounds.”
The Italian authority raided the offices of Smurfit Kappa Italia in April 2017 as part of an investigation into alleged price-fixing across the paper and packaging industry.
The AGCM claimed at the time that there was evidence a number of vertically integrated corrugated cardboard manufacturers—including Smurfit Kappa, DS Smith, Pro-Gest, Laveggia, International Paper, and others—coordinated sales policies of products in a series of at least eight meetings between 2015 and 2016.
Full Content: Irish Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI