London 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.
“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.
The European Commission, the EU’s executive arm, found that Mondelez International (MDLZ) deliberately restricted cross-border trade and abused “its dominant position” in some national markets for
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