- CNN Business
Oreo-maker Mondelez fined $366 million for rigging European markets
Mondelez, the maker of Oreo and Cadbury Dairy Milk chocolate, has been fined €337.5 million ($366 million) for hindering the trade of chocolate, cookies and coffee between European Union countries in order to keep prices high.
- Bloomberg
Oreo-Maker Mondelez Fined $366 Million for Carving Up EU
(Bloomberg) -- Mondelez International Inc. was fined €337.5 million ($366 million) after European Union antitrust watchdogs said the US company illegally thwarted cross-border sales of its chocolate, cookies and coffee.Most Read from BloombergNvidia Stock Surges as Sales Forecast Delivers on AI HopesThese Flight Routes Suffer the World’s Worst TurbulenceCiti Trader Got 711 Warning Messages Before Sparking Flash CrashHarvard Denies Degrees to 13 Protesters, Defying Faculty VoteUS Justice Departme
- Reuters
Mondelez fined $366 million by EU for cross-border trade curbs
BRUSSELS (Reuters) -Oreo maker Mondelez International was fined 337.5 million euros ($365.7 million) by EU antitrust regulators on Thursday for impeding cross-border trade of chocolate, biscuits and coffee products between EU countries. The sanction by the European Commission continues its crackdown on companies imposing territorial supply constraints on distributors and retailers. The Commission said Mondelez had engaged in anti-competitive deals and had also abused its dominant position in breach of EU antitrust laws.
