Johannesburg - The competition watchdog levied a R88.5m
price-fixing fine on consumer foods maker Foodcorp, a takeover target of
poultry producer Rainbow Chicken.
The Competition Commission said on Thursday Foodcorp pleaded
guilty to two separate cases in which it fixed the price of wheat flour and
maize meal between 1999 and 2007.
Rainbow Chicken, the nation's biggest producer of poultry,
has offered R1bn rand for a 64% stake in the company as part of a plan to cut
its reliance on poultry.
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