Equities

Reuters reveals India finds AB InBev, Carlsberg, United Breweries colluded on prices

Reuters reveals India finds AB InBev, Carlsberg, United Breweries colluded on prices

Reuters reported exclusively that the investigations unit of India’s Competition Commission concluded that Anheuser-Busch InBev, Carlsberg and United Breweries colluded to fix beer prices. The investigation found that 15-20 executives from the three brewers were involved in discussions of beer prices before they were submitted to Indian state regulators, thereby violating antitrust laws. The commission chairman and other members are expected to decide on a penalty over the next few months or dispute the investigation findings which were submitted in August.