Mondelez fined $365.7 million euros by EU for cross-border trade curbs

By Thomson Reuters May 23, 2024 | 4:09 AM

BRUSSELS (Reuters) – 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)

(Reporting by Foo Yun Chee)