Mondelez: fined 337.5 ME by the EU

(CercleFinance.com) - The European Commission has fined Mondelez International ?337.
5 million for hindering cross-border trade in chocolate, cookies and coffee between member states, in violation of EU competition rules.

Mondelez entered into anti-competitive agreements and abused its dominant position to restrict the resale of its products in different EU countries in order to maintain high prices, the Commission said.

These illegal practices prevented retailers from taking advantage of lower prices in certain member states, thus penalizing European consumers.

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