Antitrust: Commission opens formal investigation: MondelÄ“z
Thursday, January 28, 2021
The European Commission has opened a formal antitrust investigation to assess whether MondelÄ“z has restricted competition in a range of national markets for chocolate, biscuits and coffee by hindering the cross-border trade of these products between EU Member States, which would be in breach of EU antitrust rules. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: â€œChocolates, biscuits and coffee are products consumed by European citizens daily. We are opening a formal investigation to see whether MondelÄ“z, 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. Trade in the internal market can lower prices and increase the variety of products offered across Member States. â€Click here to connect to the source of this storyClick here for more News and Views
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