Mondelez Fined $365.7 Million by EU for Cross-Border Trade Curbs

Reuters
By Reuters
May 23, 2024Business News
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Mondelez Fined $365.7 Million by EU for Cross-Border Trade Curbs
Oreo biscuits and a Toblerone Swiss milk chocolate are seen displayed in front of Mondelez International logo on July 26, 2021. (Dado Ruvic/Illustration/Reuters)

BRUSSELS—Oreo maker Mondelez International 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 had abused its dominant position in breach of EU antitrust laws.

“Mondelez’s 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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