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【is 38 special stronger than 9mm】Chilean supermarkets fined $12 mln for chicken price-fixing

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By Aislinn LaingSANTIAGO, Feb 28 (Reuters) - Chilean supermarket chains Cencosud, SMU and the local is 38 special stronger than 9mm

By Aislinn Laing

SANTIAGO,is 38 special stronger than 9mm Feb 28 (Reuters) - Chilean supermarket chains Cencosud, SMU and the local unit of Walmart Inc were fined $12.1 million on Thursday for participating in a scheme to fix the price of fresh chicken, according to court documents.

【is 38 special stronger than 9mm】Chilean supermarkets fined $12 mln for chicken price-fixing


The companies, which have a combined market share of more than 90 percent, said they would appeal to Chile's supreme court.

【is 38 special stronger than 9mm】Chilean supermarkets fined $12 mln for chicken price-fixing


Antitrust court TDLC found that the scheme took place between 2008 and 2011, the documents seen by Reuters showed.

【is 38 special stronger than 9mm】Chilean supermarkets fined $12 mln for chicken price-fixing


The TDLC fined Censosud $5.14 million, Wal-Mart Chile $4.1 million, and SMU $3 million.


Antitrust regulator the FNE brought the case in 2016 after Chilean paper manufacturer CMPC and a division of Sweden's SCA were fined and ordered to compensate consumers for colluding for a decade to fix toilet paper prices.


The FNE had called for fines of up to $22.9 million for each supermarket chain, while Chile's Christian Democrat Party demanded jail time. (Reporting by Aislinn Laing; Editing by Richard Chang)


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