EU Hits Oreo Maker Mondelez With 337.5 Mn Euro Antitrust Fine

Aside from Oreo, Mondelez also owns Philadelphia cream cheese, Ritz crackers and Tuc salty biscuits (Credit: AFP)

The EU on Thursday slapped a 337.5 million euro ($366 million) fine on Mondelez, the US confectioner behind major brands including Toblerone and Oreo, for forcing consumers to pay more by restricting cross-border sales.

Mondelez, formerly called Kraft, is one of the world's largest producers of chocolate, biscuits and coffee, with revenue of $36 billion last year.