UNITED KINGDOM
OFT fines six firms

Six retailers and tobacco firms have agreed to pay a maximum of GBP 173.3 million (EUR 218.9 million) in combined fines after admitting unlawful tobacco pricing practices.

The news comes after the OFT (Office of Fair Trading) in April accused a number of retailers and tobacco companies of anti-competitive retail pricing.
Asda, Somerfield, First Quench, TM Retail, One Stop Stores and tobacco firm Gallaher have agreed to the fines. A large proportion – GBP 93 million (EUR 117.4 million) – will be paid by Gallaher, whose brands include Benson & Hedge and Silk Cut.
The OFT is continuing its investigation into an additional six firms including Imperial Tobacco and Morrisons. The OFT said that some of the fined companies had applied for leniency and if discounts for leniency and quick resolution were given, the total penalty amount would be GBP 132.3 million.
The organisation has alleged that the retailers and tobacco groups arranged to swap information on future pricing. A separate allegation is that there was an understanding that the price of some brands would be linked to rival brands. (pi)

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