MDLZ - Cadbury- Oreo-Maker Mondelez Receives 337.5M Euro Fine From EU For Anti-Competitive Practices | Benzinga
Mondelez International Inc (NASDAQ:MDLZ) has been fined 337.5 million euros ($365.7 million) by the European Union antitrust regulators for obstructing cross-border trade of chocolate, biscuits and coffee products within the EU.
This decision by the European Commission is part of a broader effort to address companies that impose territorial supply constraints on distributors and retailers.
The commission accused Mondelez of engaging in anti-competitive agreements and abusing its market dominance in violation of EU antitrust laws.
The fine was reduced by 15% after Mondelez admitted to the violations. EU Antitrust Chief Margrethe Vestager emphasized the importance of maintaining fundamental freedoms and ensuring that European ...