Turkish Competition Authority Imposes $89M Fine on Poultry Sector for Anti-Competitive Practices
Türkiye's Competition Authority has levied a hefty fine of 3.7 billion Turkish Liras (approximately $89.2 million) on 13 poultry sector companies for violating competition laws. The authority has also introduced behavioral remedies to prevent future anti-competitive coordination.
The total fines imposed amount to 3.7 billion liras. Five companies received a 25% penalty reduction after applying for settlement, resulting in fines totaling 1.03 billion liras. The identities of the leadership figures behind these companies have not been publicly disclosed in detail.
Nine of the companies were fined a combined 2.67 billion liras for exchanging competitively sensitive information. One company, CP Standart Gıda, was found not guilty and faced no penalty.
The Turkish Competition Authority's ruling sends a strong message to the poultry sector, with significant fines and behavioral health remedies aimed at preventing future anti-competitive practices. The companies involved must now comply with the authority's decisions and ensure they operate within the bounds of competition law.
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