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Reuters details how Carlsberg, SABMiller and UB fixed beer prices in India

Reuters detailed how top executives of Carlsberg, SABMiller and India’s United Breweries (UB) exchanged commercially sensitive information and colluded to fix beer prices in India over 11 years. The Competition Commission of India (CCI) raided the offices of the three brewers in 2018 and started an inquiry. The investigation’s findings – which are not a final judgment of wrongdoing – cast a shadow on the brewers, which account for 88% of India’s $7 billion beer market. 

Article Tags

Type: Reuters Best

Sectors: Equities

Regions: Middle East

Countries: India

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

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