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International Agricultural Products reviewing legal situation

International Agricultural Products reviewing legal situation
Two superphosphate fertilizer production companies and 4 distributors are accused of violations - (Photo Credit: Arabianeye-Reuters)

By: Mahmoud Salah Eldin

Cairo - Mubasher: The International Agricultural Products Company said it is considering the proper legal actions after being accused of violating the law by the Egyptian Competition Authority.

The Competition Authority previously said there are evidences of violations by six superphosphate fertilizer production and distribution companies, regarding price fixing and manipulating in order to guarantee the same market shares.

International Agricultural Products said that the decision doesn’t affect its activities of financial position.

 

Translated by: Moslem Ali