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Also in 2019, AdC fined 14 banks a total of 225 million euros ($ 248.6 million) for concerted practices of exchanging sensitive commercial information on credit products. The fines were imposed on
Portugal’s biggest bank at the time,
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9.6 million euros for an illegal non-competition pact between their subsidiaries; under a 2012 agreement, Sonae had committed itself to not competing against EDP in electricity trading in
Portugal for two years.
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In 2019, AdC fined four insurance companies a total of 54 million euros ($ 59.6 million) for “cartel practices”, with the biggest fines imposed on the local branch of
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In 2020, AdC imposed fines worth a total 304 million euros on six supermarket chains, including retailers
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In 2017, AdC ruled to fine the
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Portugal's competition authority fines 6 retail chains 304 mln euros
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Portugal competition watchdog fines banks over concerted practices
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Portugal antitrust authority slaps large fines on EDP, Sonae
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