Italy fines Unilever for abuse of dominant position in ice cream

Italy fines Unilever for abuse of dominant position in ice cream

Italy's antitrust agency said on Wednesday it had fined Unilever's Italian unit more than 60 million euros (US$70.7 million) for abuse of its dominant position in the country's ice cream market.

FILE PHOTO: The company logo for Unilever is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 17, 2017. REUTERS/Brendan McDermid /File Photo

ROME: Italy's antitrust agency said on Wednesday it had fined Unilever's Italian unit more than 60 million euros (US$70.7 million) for abuse of its dominant position in the country's ice cream market.

It said Unilever had abused its position regarding single-wrapped so-called impulse ice creams, intended for immediate consumption, which it sells through its "Algida" brand.

(Reporting by Gavin Jones; Editing by Isla Binnie)

Source: Reuters

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