Focus Antitrust - Competition Weekly Email Alert - 27 February 2013

In the News

OFT settles Tesco dairy investigation appeal

The OFT has announced that Tesco's appeal in relation to the OFT's 2011 Dairy Retail Price Initiatives decision has been brought to an end by a consent Order of the Competition Appeal Tribunal as agreed between the parties. Under the terms of the Order, Tesco’s fine will be reduced from £10.5 million to £6.5 million. The Order follows the CAT's judgment issued on 20 December 2012 in relation to Tesco's appeal against the OFT's decision. The CAT’s judgment upheld the OFT's findings that Tesco committed three infringements of the Chapter I prohibition by co-ordinating increases in the prices consumers paid for cheese in 2002. However, the CAT overturned the OFT’s findings in relation to a number of other alleged infringements. Click here.