Italian Anti-Trust Fines Glass Container Manufacturers

Four Italian glass container manufacturers were fined L38bn. According to the Italian Antitrust they were responsible for exchanging information and adjusting contractual conditions that resulted in the formation of a cartel able to influence, at national level, the price of glass containers - a measure which damaged both the beverage and food packaging industry, as well as consumers. The four industries together represented 95% of the market share. Sanctions were equivalent to L19.22bn for AVIR; L12.4bn Vetr.I; L3.33bn Rocco Bormioli and L3.09bn Zignago Vetro. The fined industries appealed against the sentence. (whole item)