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Wednesday 17.01.2018 | Name days: Tenis, Dravis
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Competition Council imposes 163 130 lats fine on RIMI Group

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUThe Competition Council (CC) has found restrictive agreement between RIMI Group companies – SIA RIMI Latvia, SIA Supernetto and SIA Plesko Real Estate – and the commercial space lessor SIA Marno J, the CC informed the business news portal BNN.

The agreement prohibited renting out commercial space to other companies without RIMI Group’s permission, limiting rivals – specialized food shops’ possibilities to operate at these trade centres. The Competition Law prohibits agreements on actions or inactivity hindering potential market participant’s entry into any particular market.

Companies were overall fined 163 130 lats and imposed legal obligation to stop the infringement by excluding  the restrictive items from the agreements with SIA Marno J, as well as with other shopping centre’s space lessors, who had signed contracts with analogue restrictions.

Denying business activities launch at shopping centers hinders specialized food stores’ development. At the same time, producers’ dependence on retail supermarkets grows significantly, because they are denied the opportunity of setting up an effective alternative distribution channel that is large enough and easily accessible, the CC points out.

SIA RIMI Latvia was imposed a fine of 151 650 lats, SIA Supernetto – 1 590 lats, while the real estate management agent firm SIA Plesko Real Estate – 9 890 lats. Since the retail supermarket was the beneficiary of the competition restriction, forcing the space lessor SIA Marno J to accept the restrictive conditions to conclude the agreement or not to worsen the agreement terms with RIMI Group companies, the lessor was not subject to a fine.

 


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  1. Ren says:

    This agreement seems a very sly method…

    Thumb up 0 Thumb down 0

  2. Lesa says:

    Whoa, whoa, get out the way with that good inofrmaiton.

    Thumb up 0 Thumb down 0

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