EU fines Mondelez $366m for restricting EU cross-border sales, breaching competition rules.

EU imposes $366m fine on Mondelez for restricting cross-border sales within EU, breaching competition rules. Mondelez, owner of Oreo and other snack brands, allegedly prevented cross-border trade to avoid lower prices, harming consumers. EU competition commissioner Margrethe Vestager highlighted the case's importance for free movement of goods within the single market and consumer interests during high inflation.

May 23, 2024
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