EU antitrust regulators attack German clothing manufacturer By Reuters

© Reuters.

BRUSSELS (Reuters) – EU antitrust regulators raided a German clothing manufacturer on Tuesday over concerns the company had broken the bloc’s cartel rules, the European Commission said in a statement.

The EU competition authority has not named the company, which can be fined up to 10% of its global turnover if found guilty of offenses.

“The Commission is concerned that the inspected company has violated EU antitrust rules which prohibit cartels and restrictive business practices,” the EU executive said in a statement.

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