Brewer criticised for blocking cheaper beer imports
The logo of Anheuser-Busch InBev is pictured outside the brewer's headquarters in Leuven, Belgium February 28, 2019. Picture: REUTERS / FRANCOIS LENOIRThe EU has slapped a fine of €200m on AB InBev, the world's biggest brewer, for hindering cheaper beer imports into Belgium from the neighbouring Netherlands.
“Consumers in Belgium have been paying more for their favourite beer because of AB InBev’s deliberate strategy to restrict cross-border sales,” EU competition commissioner Margrethe Vestager said. It said the Belgian-Brazilian beer behemoth changed the packaging of some of its Jupiler beer products supplied to retailers and wholesalers in the Netherlands so that they would be harder to sell in Belgium.
AB InBev, it said, also curbed the volumes of Jupiler beer shipped to a wholesaler in the Netherlands to make it harder for Belgium to import these products. The brewer, it added, refused to sell products to one Belgian retailer unless the retailer agreed to limit its imports of cheaper Jupiler from the Netherlands.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SAB shareholders may have won the most in AB InBev mergerConditions in the funding and beer-drinking market have become tougher since the mega-deal
Read more »
AB InBev first quarter revenue rises 5.9%Normalised earnings per share increased to $1.27 from $0.73, positively impacted by mark-to-market gains.
Read more »
AB InBev eyes Hong Kong listing as it misses earnings expectationsThe brewer says the merits of a listing ‘are based upon the creation of an Asia-Pacific champion in the consumer goods space’
Read more »
EU urges Japan to drop beef blockThe EU's top agriculture official urged Japan to open up its market for beef from the whole bloc.
Read more »
Inequality rises in EU, but still at a worldwide lowBloc shares status with Canada, while gap between rich and poor is widest in Bulgaria
Read more »
Inequality rises in EU, but still at a worldwide lowBloc shares status with Canada, while gap between rich and poor is widest in Bulgaria
Read more »
EU rich-poor divide widens but still a worldwide lowAlthough the gap between rich and poor has widened in the European Union over the past decades, the bloc is a world leader in fighting inequality.
Read more »
EU rich-poor divide widens but still a worldwide lowAlthough the gap between rich and poor has widened in the European Union over the past decades, the bloc is a world leader in fighting inequality.
Read more »
EU rich-poor divide widens but still a worldwide lowThe internationally accepted Gini coefficient formula that measures income disparities gives the 28-nation EU, as a whole, one of the best rankings in the world for equality, alongside that of Canada.
Read more »
Newsdeck: Tusk sees chances of UK remaining in EU at 20-30% -dailyWARSAW, May 10 (Reuters) - European Council President Donald Tusk said he sees the chances of Britain staying in the European Union after all at 20-30% as Britons had begun a genuine debate whether to leave or to remain only after the 2016 Brexit referendum.
Read more »
Can the EU continue to parry Donald Trump’s contempt?With the close ties between the EU and US seemingly meaningless to Trump, the EU has had to walk a fine line, writes Leonid Bershidsky
Read more »