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Carrefour fined Sh228million for unfairly squeezing suppliers on price

French retailer Carrefour has been fined Sh228million (1.75 million euros) for unfairly pressing suppliers for discounts during annual contract negotiations, the finance ministry said in Friday.

The ruling by the Paris Commerce Court follows a probe by anti-trust authorities into Carrefour’s practices during its 2016 negotiations with suppliers, the statement said.

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