Brussels says Mondelez was wrong to make consumers pay more for chocolate, biscuits, and coffee. According to DW, It claims the firm stopped traders from selling its products across EU borders, despite the bloc’s single market.
EU hits Oreo maker Mondelez with €338 million antitrust fine
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Brussels says Mondelez was wrong to make consumers pay more for chocolate, biscuits, and coffee. It claims the firm stopped traders from selling its products across EU borders, despite the bloc’s single market
Oreos, Milka chocolate bars, and TUCs
The European Union has issued a €337.5 million ($366 million) fine to Mondelez, the US confectionary giant behind like likes of Toblerone, Oreo, Cadbury, and Milka, for anticompetitive behavior.
The EU’s competition commissioner, Margrethe Vestager, accused Mondelez of “restricting the cross-border trade of chocolate, biscuits and coffee products within the European Union.”
“This harmed consumers, who ended up paying more for chocolate, biscuits and coffee,” she told reporters in Brussels.
“This case is about the price of groceries. It’s a key concern to European citizens and even more obvious in times of very high inflation, where many are in a cost-of-living crisis.”
Mondelez, formerly known as Kraft, is one of the world’s largest producers of chocolate, biscuits, and coffee. It recorded revenue of €33 billion ($36 billion) last year
