Agravis is the second largest agricultural trade company in Europe. (picture alliance / dpa)
Agravis, the second largest agricultural trade company in Europe, has accepted a fine of almost 44 million euros from Germany’s Federal Cartel Office for restrictive agreements in the trade of crop protection products. Agravis chairman, Dirk Köckler, emphasized on Wednesday that the agreement with the Federal Cartel Office had "put an end to the investigation that had been going on for years and had averted further disadvantages for the company. We have accepted that Agravis, according to the Federal Cartel Office, violated competition rules."
Previously, competitor BayWa had already accepted a fine of almost 69 million euros in the same context. In March 2015 the Federal Cartel Office carried out searches at all relevant private and cooperative agricultural trading companies and secured evidence. A spokesman for the Federal Cartel Office initially did not want to comment on the facts of the case because the proceedings were still ongoing.
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