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PMÚ imposed a €21m fine on bakery Penam

PMÚ, the anti-trust authority, imposed a €21m fine for violation of the obligation to notify and seek approval for acquiring a rival. It did not name the company, but it is bakery Penam (Andrej Babiš), the largest in Slovakia. Penam asked for PMÚ’s approval in 2012 to acquire United Bakeries’ facilities in Bratislava and Žilina, but the authority turned down the request over excessive market power concerns. Penam then went on to buy the two bakeries in 2014 via lawyers and did not notify the PMÚ. The authority raided Penam in 2017 and has only now decided on the penalty. Penam will appeal the fine.

Penam posted a net profit of €0.3m last year and its sales soared 41% to €79.8m. In 2018-21, it lost €8m. The acquisitions did not lead to profits.


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Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

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