• SENSEX
    NIFTY 50
Retail

AB InBev told Indian authorities about cartel, triggering anti-trust investigation by CCI

Updated : October 26, 2018 08:42 AM IST

AB InBev discovered the Indian operations it acquired as part of its around $100 billion acquisition of London-listed rival SABMiller Plc in 2016 had for years fixed beer prices along with Denmark's Carlsberg and India's United Breweries, which is part-owned by Heineken NV, the sources told Reuters.
AB InBev conducted an internal investigation in the first half of last year, after closing the SABMiller deal, and found that executives had discussed and agreed on their submission of ex-brewery beer production prices to Indian state governments.
AB InBev told Indian authorities about cartel, triggering anti-trust investigation by CCI

You May Also Like

Live TV

recommended for you

Advertisement