EU hits Oreo maker Mondelez with 337.5 mn euro antitrust fine

The EU on Thursday slapped a 337.5 million euro fine on Mondelez, the US confectioner behind major brands including Oreo, for restricting sales of products within the 27-country bloc.

Mondelez is one of the world's largest producers of chocolate, biscuits and coffee, with revenue of $36 billion last year. The EU fined Mondelez "because they have been restricting the cross border trade of chocolate, biscuits and coffee products within the European Union," the EU's competition commissioner said.