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Mondelez fined $365.7 mln euros by EU for cross-border trade curbs
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Mondelez fined $365.7 mln euros by EU for cross-border trade curbs
May 23, 2024 2:21 AM

BRUSSELS, May 23 (Reuters) - Oreo maker Mondelez

International ( MDLZ ) was fined 337.5 million euros ($365.72

million) by EU antitrust regulators on Thursday for impeding

cross-border trade of chocolate, biscuits and coffee products

between EU countries.

The European Commission said Mondelez ( MDLZ ) had abused its

dominant position in breach of EU antitrust laws.

"Mondelez's ( MDLZ ) illegal practices prevented retailers from being

able to freely source products in Member States with lower

prices and artificially partitioned the internal market," the EU

executive which acts as the EU competition enforcer said in a

statement.

($1 = 0.9228 euros)

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