The Turkish authorities introduced on Wednesday that they’d imposed an administrative effective on meals and beverage big Nestle’s Türkiye arm over its violation of the legislation on the safety of competitors.
The Competition Authority’s (RK) resolution got here after an investigation into Nestle Türkiye’s practices concerning the willpower of resale costs and the imposition of regional and buyer restrictions on distributors.
The watchdog’s board unanimously agreed to impose a effective of almost TL 347 million (about $11.2 million) on Nestle Türkiye Gıda Sanayi A.Ş., an announcement on the authority’s web site stated.
It stated the corporate can enchantment the choice inside 60 days on the Ankara Administrative Courts.
Source: www.dailysabah.com
