Dole Food Co. Inc. (DOLE) on Thursday announced the decision by the EU General Court affirming the European Commission's fine of 45.6 million euros, for alleged anticompetitive information exchanges involving Dole Fresh Fruit Europe OHG and other EU banana importers in Germany 10 years ago.
"The General Court's decision treats discussions about general market conditions the same as a price fixing cartel," said Michael Carter, Dole's President and Chief Operating Officer.
"We strongly believe that the European competition laws were not violated and we will appeal this decision to the EU Court of Justice," added Carter.
Dole Food is engaged in the production of fresh fruit and vegetables.
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