Natixis Fined $93 Million Over Meal-Voucher Cartel in France
The Natixis SA logo sits on a sign outside the company's headquarters in Paris.
Photographer: Martin Barzilai/BloombergThis article is for subscribers only.
A Natixis SA unit was fined 83.3 million euros ($92.8 million) alongside three other issuers of meal vouchers by French antitrust watchdogs for preventing rivals from entering the market for the employee benefit for nearly two decades.
Edenred was fined the most -- 157.1 million euros -- in the case, France’s Autorite de la Concurrence said Wednesday in a statement. Sodexo SA must pay 126.3 million euros. Up got a 45 million-euro penalty and an association that handles reimbursements of meal vouchers for the companies was ordered to pay 3 million euros.