FRANCE'S competition authority has fined the country's dominant yoghurt makers 192 million euros ($A266.98 million) for fixing prices over several years.
THE decision announced on Thursday targets 11 companies - including Yoplait and Lactalis - that represent 90 per cent of the French market in yoghurt and related products.
The cartel was uncovered thanks to a special procedure that allows companies to report their own price-fixing activity to regulators in exchange for reduced fines. Yoplait was the first company to report the activity, and was given no fines.The companies agreed on how and when to raise prices from 2006 to 2012, as yoghurt executives held secret meetings via dedicated phone numbers and in hotels, a famed Paris cafe and an apartment, according to the ruling.The companies can appeal the decision.
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