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
Hungary opposes EU-Mercosur trade agreement
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Clean Industrial Deal: everything about the green transition and how to finance it
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >The European Commission has proposed the adoption of trade agreements with Mercosur countries and Mexico
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
Pensioner vouchers: each chain entices customers differently
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >A taste journey at Auchan: customers are welcomed with the cuisines of 13 nations
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Extraordinary rush at Aldi: customers took home 290,000 clothes on the first day
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >