Fine of 561,000 euros imposed on FrieslandCampina for unfair profits from baby formula
Development Minister Kostas Skrekas has ordered that a 561,000-euro fine should be imposed on FrieslandCampina Hellas SA, a dairy products company, for violating article 54 of the law 5045/29-07-2023 on curbing unfair profit margins, after inspections conducted by the Interagency for Market Control Unit (DIMEA), the ministry announced on Tuesday.
The ministry said that, after inspecting on a series of product codes, it was found that for nine such codes, including ones for infant formula, the company had earned higher profits than Greek law permits.
In statements, Skrekas said: "Today we announce a very high fine on one of the best known companies specialising, among others, in baby formula. No unfair profiteering will be tolerated. Supporting families is a priority for the government".