Mondelēz Fined €337.5 Million For Breaching EU Antitrust Rules Through Cross-Border Restrictions

U.S. based snacks company, Mondelēz, has been found to have engaged in 22 anti-competitive agreements or concerted practices by the Commission.

The Commission also found that Mondelēz abused its dominant position in the market for the sale of certain types of chocolate bars in several countries. After a three-year investigation during which Mondelez followed the cooperation process, they have agreed to settle the investigation, with the Commission announcing a €337.5 million fine for hindering cross-border trade of chocolates, biscuits, and coffee products between Member States, in violation of EU competition rules.

Read the full post on the Cleary Antitrust Watch Blog.