Chocolate, Biscuits, and Coffee Products Affected

  • Mondelez International fined by EU
  • Fine for hindering cross-border trade
  • Chocolate, biscuits, and coffee products involved
  • EU competition rules violation
  • 337.5 million euros fine ($365.3 million)
  • Anti-competitive agreements found
  • 15% reduction for cooperation and responsibility

The European Union has fined Mondelez International, a Chicago-based snack foods company, for hindering the cross-border trade of chocolate, biscuits, and coffee products between member states. This action violated EU competition rules. The European Commission, the EU’s executive arm, stated that the fine amounts to 337.5 million euros ($365.3 million). The investigation revealed that Mondelez participated in anti-competitive agreements to restrict cross-border trade of various products and abused its dominant position in certain national markets for chocolate tablets sales. The Commission granted a 15% reduction of the fine due to the company’s cooperation and acknowledgement of responsibility.

Factuality Level: 8
Factuality Justification: The article provides accurate information about the EU’s fine imposed on Mondelez International for breaking competition rules and restricting cross-border trade. It also mentions the reduction in the fine due to cooperation and acknowledgement of responsibility.
Noise Level: 3
Noise Justification: The article provides relevant information about the EU fining Mondelez International for breaking competition rules and restricting cross-border trade, but it could benefit from more in-depth analysis or discussion on the implications of this action on the market and consumers.
Public Companies: Mondelez International (MDLZ)
Key People: Andrea Figueras (Author)

Track all markets on TradingView

Financial Relevance: Yes
Financial Markets Impacted: Mondelez International
Financial Rating Justification: The fine imposed on Mondelez International by the European Commission impacts the company’s financial situation, which could affect its stock price and overall performance in financial markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

Reported publicly: www.marketwatch.com