EU to fine Mondelez for blocking cross-border sales, FT reports [Yahoo! Finance]
Mondelez International, Inc. - Class A (MDLZ)
Last mondelez international, inc. - class a earnings: 4/28 04:05 pm
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Source: Yahoo! Finance
The fine could be worth millions of euros and come as early as next month, the report said. The European Commission will also order Mondelez to stop blocking the sale of its products between EU member states because of the "potential harm to consumers at a time of high inflation", FT reported, citing three people with knowledge of the decision. The EU declined to comment on the matter, while Mondelez International did not immediately respond to Reuters requests for comment. EU antitrust authorities began investigating Mondelez International in early 2021 over concerns it may have blocked cross-border sales of its products in the European Union in breach of competition rules. The company said in a regulatory filing in January that it expects a liability of about 340 million euros ($361.22 million) in connection with the matter. ($1 = 0.9413 euros) (Reporting by Juveria Tabassum, additional reporting by Anuja Bharat Mistry; Editing by Devika Syamnath)
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MDLZ
News
- Soaring cocoa prices put spotlight on Hershey, Mondelez earnings [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Mondelez (MDLZ) Gears Up for Q1 Earnings: What to Expect? [Yahoo! Finance]Yahoo! Finance
- Soaring cocoa prices put spotlight on Hershey, Mondelez earnings [Reuters]Reuters
- Stay Ahead of the Game With Mondelez (MDLZ) Q1 Earnings: Wall Street's Insights on Key Metrics [Yahoo! Finance]Yahoo! Finance
- Mondelez International, Inc.'s (NASDAQ:MDLZ) Stock Is Going Strong: Have Financials A Role To Play? [Yahoo! Finance]Yahoo! Finance
MDLZ
Earnings
- 1/30/24 - Beat
MDLZ
Sec Filings
- 4/29/24 - Form DEFA14A
- 4/26/24 - Form PX14A6G
- 4/12/24 - Form PX14A6G
- MDLZ's page on the SEC website