May 23, 2024 13:02 GMT
Mondelez (MDLZ; Baa1, BBB; S)
CONSUMER STAPLES
- EU Fines Mondelez €337.5 Mln for Cross-Border Trade Restrictions.
- Probe was initiated in Jan 2021, MDLZ has already provisioned €340m (~$375m) & noted in last earnings that it did not expect material impact on ongoing business in EU (largest region at ~36% of rev's).
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