Norway fines grocery chains $466 mln in antitrust case
Adds quote in 2nd paragraph, background in paragraphs 3-5
OSLO, Aug 21 (Reuters) -Norway's competition watchdog has fined the country's top three grocery store chains a combined 4.9 billion Norwegian crowns ($466.31 million) for breaking antitrust regulations, in line with a preliminary ruling, the regulator said on Wednesday.
"The illegal collaboration has weakened competition between the grocery chains for many years," the watchdog's Director General Tina Soereide told a press conference.
In 2020, the Norwegian Competition Authority said the three firms faced fines totalling a record 21 billion crowns, accusing them of cooperating in ways that may have inflated prices.
But earlier this year it said the infringement was less severe than initially thought, and cut the proposed penalty to 4.9 billion crowns.
The ruling remains subject to appeal.
($1 = 10.5080 Norwegian crowns)
Reporting by Terje Solsvik, editing by Stine Jacobsen
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