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Chilean supermarkets fined $12 mln for chicken price-fixing

By Aislinn Laing

SANTIAGO, Feb 28 (Reuters) - Chilean supermarket chains Cencosud, SMU and the local unit of Walmart Inc were fined $12.1 million on Thursday for participating in a scheme to fix the price of fresh chicken, according to court documents.

The companies, which have a combined market share of more than 90 percent, said they would appeal to Chile's supreme court.

The TDLC fined Censosud $5.14 million, Wal-Mart Chile $4.1 million, and SMU$3 million.

Antitrust regulator the FNE brought the case in 2016 after Chilean paper manufacturer CMPC and a division of Sweden's SCA were fined and ordered to compensate consumers for colluding for a decade to fix toilet paper prices.

The FNE had called for fines of up to $22.9 million for each supermarket chain, while Chile'sChristian Democrat Party demanded jail time.


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