TNT fined in French competition case

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The FINANCIAL — France’s Competition Authority on December 15 announced in its press release that TNT has been ordered to pay a €58 million fine in relation to alleged anti-competitive behaviour in the French parcel delivery sector.

The case relates to activities that took place before 2010. TNT has co-operated with the investigation since it started in 2010. During the third quarter of 2014, TNT entered into a settlement agreement with the FCA and booked a provision of €50 million in relation to this matter, according to TNT.

TNT will review the merits of the decision.

 

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