Key facts
- Macedonian Thrace Brewery was awarded €43 million in damages and €68 million in interest.
- Heineken plans to appeal the court's decision.
- Athenian Brewery was previously fined €31.5 million by Greek competition authorities in 2015.
A Dutch court has ordered Dutch beer company Heineken NV to pay €111 million ($125 million) in damages and interest to its Greek rival, Macedonian Thrace Brewery (MTB). The ruling stems from a case brought by MTB concerning the conduct of Heineken's Greek subsidiary, Athenian Brewery, in the Greek beer market between 1998 and 2014. In 2015, Athenian Brewery was fined €31.5 million by Greek competition authorities for abusing its dominant position. The Dutch court awarded MTB €43 million in damages and €68 million in accrued interest.