HUNGARY: Competition watchdog fines Auchan 3.6 million dollars | Progresiv

Hungary's competition watchdog has fined the Hungarian unit of French retailer Auchan 1 billion forints (3.6 million dollars) for abuse of its market position, the authority said on Monday.

The GVH watchdog said in a statement that Auchan had charged its suppliers a special fee for allowing their products to get into Auchan's stocks of products on sale.

Auchan's Hungarian unit said it disagreed with GVH's arguments and its high fine.

"Our company did not breach the law, therefore we will use all accessible legal means to prove that and we trust that the court will see clearly," said Dominique Ducoux, the unit's CEO, in a statement. (www.reuters.com)