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Spar fined for retroactive rebate agreements w/o turnover specifications

Retail

Hungarian food safety authority Nébih on Tuesday said it fined the local unit of supermarket chain Spar HUF 80 million for signing retroactive rebate agreements with suppliers without specifying any link to sales, according to a report by state news wire MTI.

In a probe of Spar's compliance with conditions in supplier contracts, Nebih found that Spar had made such agreements with five of ten suppliers, adding up to HUF 75 mln in damages to those business partners.

Nébih noted that retroactive rebate agreements must be linked to turnover.

Spar did not appeal the Nébih resolution.

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