Mondelez fined EUR 365.7 million by the EU for restricting cross-border trade | WKZO

BRUSSELS (Reuters) – Oreo maker Mondelez International was fined 337.5 million euros ($365.72 million) by EU antitrust regulators on Thursday for obstructing cross-border trade in chocolate, cookies and coffee products between EU countries.

The European Commission found that Mondelez abused its dominant position by violating EU antitrust rules.

“Mondelez’s illegal practices prevented retailers from freely sourcing products in Member States at lower prices and artificially divided the internal market,” the EU’s competition law enforcement body said in a statement.

($1 = 0.9228 euros)

(Report by Foo Yun Chee)