Unipetrol: Benzina was reportedly fined CZK 98m for alleged cartel agreement

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Investiční bankovnictví KB

      According to weekly Euro, Benzina was fined CZK 98m for alleged cartel agreement between the fuel retailers. It is the highest fine out of six retailers, which is in line with our previous expectations. Nevertheless, according to newspaper reports, the Antimonopoly Office has only indirect evidence of the agreAement, which we believe complicate a prove of the cartel agreement.

      

       If the fine of almost CZK 100m for Benzina is approved, it will lead to a deterioration of its financial situation. However, the uncertainties regarding evidences of the cartel agreement suggest, the no fine would be imposed at all.

      

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.