The Maker of Oreo and Cadbury Dairy Milk Has Been Fined $366 Million. Here’s Why

TIME

The European Commission has imposed a fine of 337.5 million euros ($366 million) on Mondelez for obstructing sales of its products between EU member states, the bloc's executive arm said on Thursday.

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00:00Today, the Commission has fined Mondelez 337.5 million euros.

00:09We have done so because they have been restricting the cross-border trade of chocolate, biscuits

00:15and coffee products within the European Union.

00:19We find that Mondelez illegally restricted retailers from sourcing these products from

00:26member states where prices are lower and this allowed Mondelez to maintain higher prices.

00:35This harmed consumers who ended up paying more for chocolate, biscuits and coffee.

00:40We started looking at this case back in 2019.

00:44We carried out inspections at the premises of Mondelez and our investigation showed that

00:51Mondelez engaged in two different types of infringements.

00:55First, Mondelez entered into anti-competitive agreements to restrict the cross-border trade

01:03of its products and that is a breach of Article 101 of the treaty.

01:08Second, Mondelez abused its dominance for chocolate tablets in certain markets also

01:16to restrict imports and that is a breach of Article 102 of the treaty.

01:23This case is about the price of groceries.

01:27It's a key concern to European citizens and even more obvious in times of very high inflation

01:35where many are in a cost-of-living crisis.

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