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August 21, 2015

Camargo Corrêa agrees to $30 million fine for price fixing; Lindt posts record half-year earnings; and Shoprite Holdings to open 35 new stores in Africa

Camargo Corrêa agrees to $30 million fine for price fixing

Brazilian engineering company Camargo Corrêa, controlled by the billionaire Carmargo sisters, has agreed to pay fines of $30 million after admitting to its role in a price fixing scandal.

July 14, 2014

Russell Stover, the US family-owned chocolate maker famed for one of its product’s appearance in the feature film Forrest Gump, has sold its business to Swiss rival Lindt & Spruengli. 

Russell Stover, the US family-owned chocolate maker famed for one of its product’s appearance in the feature film Forrest Gump, has sold its business to Swiss rival Lindt & Spruengli.

It represents the third time the Missouri-based business, which has revenues of $500 million (€367.0 million), has changed to a new family’s ownership. 

Lindt, controlled by a branch of the founding Sprungli family, anticipates the acquisition will see its US turnover reach more than $1.5 billion by 2015.

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