Coca Cola Fined for Anti-Competitive Practices

The penalty imposed by the Commission to Promote Competition in Costa Rica has been upheld after the First Chamber of the Supreme Court declared the last appeal filed by the company irrelevant.

Monday, July 16, 2012

The penalty for monopolistic practices, dating back to May 2004 was because the bottler apparently made exclusive contracts with vendors and fixed prices.

Standing out among the sanctions is a fine of $137,000 and an order to change their way of doing business.

"Victoria Velásquez [Support Agency Competition MEIC] confided that, apart from the resolution, the sanctioned company has changed its way of doing business, especially in relation to price constraints. However, as indicated in COPROCOM judgment, once it has become final, the Commission will have to monitor the beverage market for at least a year", reported Elfinancierocr.com



More on this topic

Accusations of Anti-Competitive Practices in Insurance Industry

December 2011

The National Insurance Institute of Costa Rica is under investigation for price reductions that could constitute a violation of the Law on Promotion of Competition.

The open procedure by the Commission to Promote Competition (COPROCOM) is the only one that has been presented since the opening of the insurance market in 2008.

Coca-Cola FEMSA to Buy Panamanian Company

October 2010

The Mexican group Coca-Cola Femsa has signed a preliminary agreement to acquire all the shares of Grupo Industrias Lácteas.

This agreement includes a commitment of exclusivity in negotiations, subject to government approvals, authorizations and a complete corporate legal, financial and operational audit.

Battling Anti Competitive Practices

March 2010

Monitoring news media is a key tool for detecting and researching practices that limit free competition.

In an article in Laprensagrafica.com, Ricardo Pineda details how the Competition Superintendence of El Salvador (SC) utilizes media monitoring to tackle anti competitive practices.

Femsa's Revenue Up 64% in C.A.

August 2009

Coca-Cola Femsa's revenue in the region for the first half of the year was 64% more than the same period of 2008.

Coca-Cola's regional subsidiary is called "Latincentro", and comprises Colombia, Venezuela, Guatemala, Nicaragua, Costa Rica and Panamá. The 64% increase in revenue experienced by this division is due to higher unitary prices and a 10% increase in sales volume.

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