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Rumor Mill News Reading Room Archive

EU RAIDS COKE OFFICE--THE COLA WARS HEAT UP

Posted By: RAYELAN
Date: Thursday, 18-May-2000 17:37:55
www.rumormill.news/3211

In Response To: COLA WARS HEAT UP--SUICIDE THREAT IN CONGRESS (RAYELAN)

Subj: EU RAIDS COKE OFFICE -- THE COLA WARS --

Date: 5/18/2000 9:48:52 AM Pacific

Daylight Time

From: Rayelan

To: rumills@egroups.com

Another skirmish in the Cola Wars -- Is Faction Two sending all of the knowledgeable people as message?

EU Raids Coca-Cola Offices in Investigation of Sales Practices: From The Associated Press

http://ap.tbo.com/ap/breaking/MGIOHNYIE8C.html

May 18, 2000 - 11:10 AM

EU Raids Coca-Cola Offices in Investigation of Sales Practices

The Associated Press

BRUSSELS, Belgium (AP) - European Union regulators raided Coca-Cola offices in England and Belgium Thursday as part of an investigation into complaints the world's largest soft-drink maker abused a dominant market position.

The raids took place at offices of Coca-Cola Enterprises, a Coke bottling unit, in Brussels and London, EU and Coke officials said. They follow similar raids last July in Coke offices in Britain, Germany, Austria and Denmark.

"We have fully cooperated with the officials and we remain confident that all the activities we have in the Belgian market fully comply with EU regulations," said Steve Leroy, spokesman for Coke in Belgium.

Antitrust officials from Britain and Belgium also took part in the raids, Coke said.

The European Commission has been seeking evidence that Coca-Cola exploits its market dominance by offering retailers rebates to promote Coke products and shut out competitors.

Coke, and its Sprite and Fanta products account for about half of the soft-drink market in Europe, with PepsiCo a distant second.

The EU Commission said it launched its inquiry after complaints about Coke, but did not say if they came from one of Coke's competitors or from disgruntled retailers. In a statement, the EU said it had no deadline for concluding the investigation.

Under EU rules, companies found guilty of infringing regulations governing fair business competition can face fines of up to 10 percent of their turnover, although in practice fines have been much smaller.



RMN is an RA production.

Articles In This Thread

COLA WARS HEAT UP--SUICIDE THREAT IN CONGRESS
RAYELAN -- Thursday, 18-May-2000 17:33:39
EU RAIDS COKE OFFICE--THE COLA WARS HEAT UP
RAYELAN -- Thursday, 18-May-2000 17:37:55
RMNEWS READERS HAVE OTHER INTERPRETATIONS
RUMOR MILL NEWS -- Friday, 19-May-2000 14:32:37
Coke and Pepsi commercials
Mark Seely -- Saturday, 20-May-2000 00:51:44
Basis of "un-huh" campaign
Data_Junkie -- Monday, 22-May-2000 21:05:36
Re: Coke and Pepsi commercials
vonMonke -- Wednesday, 11-Oct-2000 06:46:39

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AN EXPLANATION OF THE FACTIONS