Oreo-maker Mondelez fined $366 million for rigging European markets
CNN
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.
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 today’s decision, we find that that Mondelez illegally limited cross-border sales across the EU. Mondelez did so to maintain higher prices for its products to the detriment of consumers,” Margrethe Vestager, the EU’s competition chief, said in a statement Thursday. This is a developing story and will be updated.
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