Upon an ex officio investigation by the Directorate-General for Competition into the sector for the production and sale of margarine and butter, the Hellenic Competition Commission, in plenary session, unanimously decided that “MINERVA S.A.” violated Article 1 of Greek Law 703/1977 (now Article 1 of the Greek Competition Act 3959/2011), as well as Article 101 TFEU, with its involvement in a prohibited vertical agreement with affiliated wholesalers/distributors involving resale price maintenance clauses, concerning the time frames from 1/3/1997 to 31/3/1998 as well as from 1/6/2003 to 31/5/2010.

The Commission: a) ordered MINERVA S.A. not to commit the aforementioned violation in the future, b) imposed, regarding the second time frame, a fine of three hundred and eighty-four thousand one hundred and six Euros and sixty-five cents (€384,106.65) and c) reserved its right to fine MINERVA S.A. with a fine of ten thousand Euros (€10,000) per day of non-compliance with the measures, beginning from the day of publication of the decision.