India, June 2 -- The European Commission has fined Delivery Hero and Glovo, two food delivery companies, a total of 329 million euros due to cartel practices in the online food delivery sector.
According to the regulator, the two companies agreed not to poach each other's employees, exchanged commercially sensitive information and allocated geographic markets.
The infringement covered the European Economic Area and lasted four years. Cartels like this reduce choice for consumers and business partners, reduce opportunities for employees and reduce incentives to compete and innovate.
Both companies admitted their involvement in the cartel and agreed to settle the case. This is the first decision where the Commission finds a cartel in the l...