German Beer Companies Swallow $150 Million Fine for Price Fixing

MAINZ, Germany — Beer companies in Germany woke up to a $150 million hangover Monday when five breweries and seven people were fined for illegally fixing prices by the country’s cartel office.

In secret phone calls and private meetings, the breweries agreed to raise the cost by five to seven Euros ($7 to $9.5) per hundred liters of beer, according the Federal Cartel Office known as the “Kartellamt.”

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