EU antitrust regulators raid Red Bull premises for suspected rule violations

EU antitrust regulators have raided the premises of Red Bull for suspected violating EU rules prohibiting cartels and restrictive business practices and suspicion of abusing its dominant position.

Red Bull, which confirmed that EU Commission officials had visited its premises, said it will cooperate with them in any matters that may concern them.

Any such matter is for the EU Commission and any requests for further information should be directed to them.”

An EU executive said unannounced inspections are a preliminary step in an investigation into suspected anticompetitive practices.

The Commission conducting these inspections does not necessarily indicate that the business is engaged in anti-competitive action, and it also does not prejudge the investigation's outcome.

A company that violates EU competition laws may be penalized up to 10 percent of its whole annual revenue.