23.05.2024 13:15:03 - dpa-AFX: European Commission Fines Mondelez 337.5 Mln Euros For Breach Of Competition Rules
WASHINGTON (dpa-AFX) - The European Commission Thursday revealed that it
imposed a fine of 337.5 million euros on Mondelez International, Inc. (MDLZ) for
hindering the cross-border trade of chocolate, biscuits, and coffee products
between Member States, in breach of EU competition rules.
The Commission found that the major chocolate and biscuit manufacturer, with
popular brands such as Côte d'Or, Milka, Oreo, Ritz, Toblerone and TUC engaged
in twenty-two anticompetitive agreements or concerted practices, in breach of
Article 101 of the Treaty on the Functioning of the European Union. The
Commission also found that, between 2015 and 2019, Mondelez abused its dominant
position, in breach of Article 102 of the TFEU.
Mondelez were accused of breaching EU competition rules by engaging in
anticompetitive agreements or concerted practices.
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