ECONOMY

Nestle Hellas to appeal big fine for market abuse

Nestle Hellas said it will appeal against a 30-million-euro fine it has been imposed with by the Competition Commission, describing the decision as «unfair.» «Nestle Hellas has been present in Greece for more than 100 years, with four factories and more than 1,000 employees,» it said. «We respect national and international laws and always operate based on consumer interests.» The commission fined the firm for abusing its dominant market position in instant coffee. The competition watchdog says Nestle has been obliging supermarkets to limit the competitive products they offer with Nestle’s instant coffee. Abusive behavior was also evident in matters relating to restaurants and distributors.