The EU fined the food manufacturer Mondelez 337.5 million euros for the use of trade restrictions
The European Commission imposed a fine of 337.5 million euros (about 135 billion forints) on the American food manufacturer Mondelez for restricting the trade of various chocolate, biscuit and coffee products between member states in violation of EU competition rules, the EU commission informed on Thursday.
According to the Brussels announcement, the European Commission’s investigation found that Mondelez abused its dominance in national markets through 22 anti-competitive agreements.
The agreements between 2012 and 2020 included, among other things, provisions allowing certain retailers to sell Mondelez products only. One of the agreements contained a provision that required Mondelez’s customer to charge higher export prices than domestic sales.
Among the agreements was one that prevented a distributor operating in ten Member States from responding to sales requests from customers in other Member States without Mondelez’s prior permission.
According to the EU commission’s investigation, Mondelez abused its dominance when it refused a trader in Germany to resell chocolate in Austria, Belgium, Bulgaria and Romania, where prices were higher. The American company also stopped selling chocolates in the Netherlands to prevent them from being imported into Belgium, where the company sold these products at a higher price.
Related news
Administration has become a political issue in agriculture
Administrative issues such as the amendment of strategic plans or…
Read more >The price of chicken breast is 11 percent lower than a year ago
Based on data from the KSH, Hungary’s poultry meat exports…
Read more >Subsidies encourage soil-friendly farming and professional research
The condition of our soils plays a decisive role in…
Read more >Related news
Challenges and Social Impact of Hungary’s Deposit Refund System
The Deposit Refund System, officially introduced at the beginning of…
Read more >VisitHungary: Hungary celebrates World Tourism Day with record numbers
On the initiative of the United Nations World Tourism Organization…
Read more >Sustainability of people matters the most
Zoltán Gazsi, company manager of Eisberg has shed light on the human…
Read more >