SA margarine fight: Unilever agrees to R400m settlement with competition watchdog

The original article can be found here.

Article highlights:

  • The Competition Commission confirmed a nearly R400 million settlement agreement between Unilever and competition authorities over the alleged market division of margarine.
  • Part of the R400 million settlement is a R16 million administrative penalty.
  • The confirmation of Unilever’s settlement followed a hearing held on 3 October.