Romania’s Competition Council fines Agrana group over sugar price fixing

Update: Lucsor Impex rejected the Competition Council's allegations and said it would challenge the decision in court, arguing that there is no evidence showing an anti-competitive agreement or coordination of commercial policies.

"Throughout the entire period under investigation, Lucsor acted as an independent distributor, not as a producer, offered its customers products at competitive prices and actively competed on the market," the company said in a statement sent to Romania-insider.com. It further argued that its commercial relationship with Agrana was a vertical producer-distributor relationship and that "setting a purchase price cannot be confused with setting resale prices to customers."