Croatian anti-trust regulator fines confectioner Kras, retailer NTL

The fine was imposed for concluding an agreement containing disallowed provisions on minimum prices that was in force for nearly four years, AZTN said in a statement.

The resale price maintenance arrangement in question prohibited NTL from selling Kras products below certain pre-agreed price levels, AZTN said.

AZTN is fining Kras 1.56 million kuna while NTL's penalty is set at 1.02 million kuna.

In a bourse filing, Kras said it would appeal the fine.

NTL was set up by some of the minor grocers in Croatia to better compete with their bigger rivals.

(1 euro=7.6653 Croatian kuna)