SPAIN TOBACCO MARKET
October 1st, 2004
BY KEITH NUTHALLPUNISHING fines have been imposed by the European Commission on Spanish and Italian tobacco processors for operating a pricing and purchasing cartel between 1996 and 2001. Brussels has slammed Italy's Deltafina with a Euro 11.8 million fine, as cartel leader and the main buyer of tobacco grown in Spain. Other local players were also heavily fined, although at lower levels: Cetarsa Euro 3.6 million, WWTE Euro 1.8 million and Agroexpansión nearly Euro 2.6 million. The other Spanish processor Taes was fined just Euro 108,000. "The fines on the ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.