Jan 28, 2021

EU opens competition investigation into Cadbury owner

The European Commission is concerned that Mondelez restricted trade across borders between EU countries, pushing up prices for its products. Mondelez, which owns brands including Toblerone and Milka, said it will "Work constructively" with the Commission. The Commission will also look into whether Mondelez raised prices or limited volumes for firms that traded across the EU. It will probe whether Mondelez paid or compensated firms so they wouldn't make that kind of cross-border trade, and whether it refused to supply certain traders to restrict imports. "We are opening a formal investigation to see whether Mondelez, a key producer of these products, might have restricted free competition in the markets concerned by implementing various practices hindering trade flows, ultimately leading to higher prices for consumers." Commission investigators made a series of raids on Mondelez premises in November 2019 after concerns were raised that prices for food and drinks products significantly varied across EU member states.

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