Glanbia, the largest milk supplier in the Irish Republic, and Sligo Dairies have undertaken in the High Court in Dublin not to enter into any price-fixing agreement on the retail price of milk.
The undertakings were given in settlement of an action brought by the Irish Competition Authority, which alleged that the two had agreed to fix prices with a number of supermarkets.
Tesco Ireland earlier gave a similar court pledge to settle a case brought against it.
Although there was no admission of guilt by any party, the Competition Authority welcomed the undertakings as “in the public interest”. Cases are still outstanding against Dairygold Dairies and the Superquinn chain.
The allegations relate to the late 1990s, when milk price-fixing claims were the subject of an investigation by an RTE current affairs programme. It produced documentation that purported to show retail milk prices were kept artificially high.
A spokesman for Glanbia said the company had always denied the price-fixing allegations.
The undertakings were given in settlement of an action brought by the Irish Competition Authority, which alleged that the two had agreed to fix prices with a number of supermarkets.
Tesco Ireland earlier gave a similar court pledge to settle a case brought against it.
Although there was no admission of guilt by any party, the Competition Authority welcomed the undertakings as “in the public interest”. Cases are still outstanding against Dairygold Dairies and the Superquinn chain.
The allegations relate to the late 1990s, when milk price-fixing claims were the subject of an investigation by an RTE current affairs programme. It produced documentation that purported to show retail milk prices were kept artificially high.
A spokesman for Glanbia said the company had always denied the price-fixing allegations.
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