Ferrero Subject to EU Anti-Trust Raid Amid Market Concerns
Ferrero, the company known for brands like Kinder Bueno and Nutella, is currently undergoing anti-trust inspections by the European Commission. The inspections were announced by Brussels, targeting an unidentified chocolate company in two EU member states. Ferrero has confirmed that its offices are being inspected and is cooperating with the Commission's officials. The Commission suspects potential violations of EU anti-trust rules, which include prohibitions on cartels and restrictive business practices, as well as abuses of a dominant market position. The investigation is also looking into possible market segmentation and restrictions on trade between member states. Despite the inspections, the Commission has emphasized that there is no conclusion of guilt at this stage.