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Rewe drama: Record penalty shocked! OGH imposes 70 million euros in fine
Rewe criticizes record penalty of EUR 70 million of the OGH due to formal violation. Details on the decision and possible legal remedies.
Rewe drama: Record penalty shocked! OGH imposes 70 million euros in fine
The parent company of Billa, Rewe, is currently in focus, because the Supreme Court (OGH) has imposed a record penalty of 70 million euros against the company. This fine was spoken because Rewe failed to report a merger when renting business premises in a shopping center in good time. According to the food dealer, it is a "formal violation" that has not led to economic advantages for the company, which makes the punishment all the more difficult for him. "The accused offense - the non -reporting of the location - has not led to any economic advantages for REWE International AG," Rewe said after the punishment was announced, how OE24 reports.
Rewe has already announced that it will examine all legal options to take action against the judgment. The company describes the "exorbitant punishment" as "massive disproportionate", especially since it is not a classic price or competition violation, but rather failing to take a formality in 2018. This topic has already employed the OGH twice, which underlines the importance of the case. The amount of the punishment represents the highest cartel penalty that has ever been imposed in Austria, as well as The press reports.