Mondelez International Under Investigation by European Union -- Update
February 07 2020 - 1:17PM
Dow Jones News
By Allison Prang
Mondelez International Inc. said it is being investigated by the
European Union over allegations the company has violated
competition law.
Mondelez, which makes Ritz crackers and Oreo cookies, said in
its annual filing with the Securities and Exchange Commission that
the EU is investigating the company's "alleged infringement
of...competition law through certain practices restricting
cross-border trade" in the area. The EU told the company about the
investigation in November, Mondelez said.
"We are cooperating with the investigation," the Illinois-based
company said in the Friday filing.
In 2014, EU antitrust regulators probed Mondelez's plan to merge
its coffee business with rival D.E. Master Blenders. After several
months of investigation, the EU approved the joint venture.
--Annie Gasparro contributed to this article.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
February 07, 2020 13:02 ET (18:02 GMT)
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