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EU hits Oreo maker Mondelez with antitrust fine worth €337.5 million ($365.9 million)

Posted on by darion

The EU on Thursday imposed a 337.5 million euro ($366 million) fine on Mondelez, the U.S. confectioner formerly known as Kraft behind major brands including Toblerone and Oreo, for restricting product sales within the 27-nation bloc.

“In today’s decision, we find that Mondelez unlawfully restricted cross-border sales across the EU. “Mondelez did this to keep the prices of its products higher, to the detriment of consumers,” said EU Competition Commissioner Margrethe Vestager.

once/ec/gv

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The EU on Thursday imposed a 337.5 million euro ($366 million) fine on Mondelez, the U.S. confectioner formerly known as Kraft behind major brands including Toblerone and Oreo, for restricting product sales within the 27-nation bloc.

“In today’s decision, we find that Mondelez unlawfully restricted cross-border sales across the EU. “Mondelez did this to keep the prices of its products higher, to the detriment of consumers,” said EU Competition Commissioner Margrethe Vestager.

once/ec/gv