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Dutch competition watchdog fines four tobacco companies 82 million euros

Christian Fernsby |
The Netherlands Authority for Consumers and Markets (ACM) has imposed fines on four major cigarette manufacturers, totaling over 82 million euros.

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Topics: DUTCH   

In a statement, the Authority for Consumers and Markets (ACM) said the four had illegally exchanged information about future pricing plans in the 2008-2011 period.

British American Tobacco was fined 31.2 million euros, Philip Morris was fined 27.5 million euros, JTI was fined 13 million euros and Van Nelle, part of ITN, was fined 10.4 million euros, the ACM said.

It said that all four cigarette makers have filed objections against the decision.

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