WIREDGOV

The OFT today announced that Tesco's appeal in relation to the OFT's 2011 Dairy Retail Price Initiatives decision has been brought to an end by Order of the Competition Appeal Tribunal (CAT) as agreed between the parties.

Tesco will pay a penalty of £6.5 million. The CAT upheld the OFT's findings that Tesco broke competition law three times by co-ordinating increases in the prices consumers paid for cheese in 2002.

The CAT also found that Tesco did not infringe the law in relation to a number of other findings of exchanges of future pricing information. 

The Order follows the CAT's judgment issued on 20 December 2012 in relation to Tesco's appeal against the OFT's decision.

The Order is available on the CAT website.