Carlsberg, a Danish brewing company, has recently come to a settlement with German authorities and will pay a fine of 50 million euros for the alleged formation of a cartel over a decade ago.
According to Reuters, the company claimed to have refuted the accusations but decided to settle in order to prioritize its main business of beer brewing.
Carlsberg Deutschland Holding GmbH has reached a settlement in an 11-year ongoing case that required significant time and financial resources, according to the company’s head of communications, Tanja Frederiksen, in a statement.
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“We still strongly disagree with the charges and maintain our innocence, but we have taken this decision in order to be able to fully focus again on the future of Carlsberg Deutschland Holding GmbH,” Frederiksen said.
The case was concluded on Tuesday at the Düsseldorf Higher Regional Court, Carlsberg said. German newspaper Frankfurter Allgemeine Zeitung (FAZ) reported the news on Tuesday.
