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Red Bull faces EU antitrust raids

Posted On: Mar. 22, 2023 9:44 AM CST


The European Union antitrust regulators raided the premises of Austrian energy drinks maker Red Bull GmbH on March 20 over its alleged involvement in a cartel and for also abusing its dominance, Channel NewsAsia reported citing Reuters. The company could face fines of up to 10% of its global turnover if found guilty of violating the antitrust regulations.