financetom
Business
financetom
/
Business
/
Market Chatter: Procter & Gamble Reportedly Targeted by Informal EU Probe Over Concerns Related to Cross-Border Sales
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Procter & Gamble Reportedly Targeted by Informal EU Probe Over Concerns Related to Cross-Border Sales
Apr 10, 2025 4:40 AM

07:25 AM EDT, 04/10/2025 (MT Newswires) -- Procter & Gamble ( PG ) has been identified as the previously unnamed company under informal investigation by European Union antitrust regulators for potentially restricting cross-border product sales within the bloc, Bloomberg reported, citing unnamed sources familiar with the case.

The European Commission reportedly suspects Procter & Gamble ( PG ) may have segmented product sales across the EU to prevent lower-priced goods from moving freely between countries.

The investigation was first revealed in March without naming the company, with the EU officials only stating that a firm in the "personal care sector" was involved, the report said.

No formal charges have been filed against Procter & Gamble ( PG ) and the inquiry remains in its preliminary stages, the report said and added that "regulators often drop investigations in the fact-finding stages if their initial concerns can't be backed up."

Procter & Gamble ( PG ) did not immediately respond to requests for comment from MT Newswires. The European Commission declined to comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Popular's Q4 Net Income, Revenue Rise
Popular's Q4 Net Income, Revenue Rise
Jan 28, 2025
07:29 AM EST, 01/28/2025 (MT Newswires) -- Popular (BPOP) reported Q4 net income Tuesday of $2.51 per diluted share, up from $1.31 a year earlier. Analysts surveyed by FactSet expected $2.05. Revenue for the quarter ended Dec. 31, expressed as the sum of net interest income and non-interest income, was $755.5 million, compared with $702.9 million a year earlier. Analysts...
Adient Fiscal Q1 Adjusted Earnings, Revenue Fall; Fiscal 2025 Sales Outlook Lowered
Adient Fiscal Q1 Adjusted Earnings, Revenue Fall; Fiscal 2025 Sales Outlook Lowered
Jan 28, 2025
07:23 AM EST, 01/28/2025 (MT Newswires) -- Adient (ADNT) reported fiscal Q1 adjusted earnings Tuesday of $0.27 per diluted share, down from $0.31 a year earlier. Analysts polled by FactSet expected $0.23. Revenue for the quarter ended Dec. 31 was $3.50 billion, down from $3.66 billion a year earlier. Analysts surveyed by FactSet expected $3.43 billion. For fiscal 2025, the...
Adentra Extends Credit Facilities For Five Years
Adentra Extends Credit Facilities For Five Years
Jan 28, 2025
07:27 AM EST, 01/28/2025 (MT Newswires) -- Adentra ( HDIUF ) overnight Monday extended its credit facilities for five years to Jan. 27, 2030. The credit facilities provide ADEN include a revolving credit facility of $600 million and a term loan of $225 million. The extension of the credit facilities provides us with the financial flexibility to continue our strategic...
BMO on Differences in Canada's Jobs Surveys
BMO on Differences in Canada's Jobs Surveys
Jan 28, 2025
07:23 AM EST, 01/28/2025 (MT Newswires) -- The Bank of Canada has lots to concern itself with at the rates decision this week, including the United States tariff threat, a sagging Canadian dollar (CAD or loonie) and some firmness in core inflation, said Bank of Montreal (BMO). However, it also has a small puzzle on the jobs front, noted the...
Copyright 2023-2025 - www.financetom.com All Rights Reserved