The French Competition Authority, Authroite de la Concurrence, has ratcheted up its investigation of FedEx France, TNT Express and Royal Mail for anti-competitive parcel-delivery dealings in France.
TNT sent out a terse release Tuesday that said the company had been given a Statement of Objections from the agency, but the company also noted that it has been cooperating with the investigation, which began in 2010.
“On the basis of preliminary analysis of the SO, it cannot be excluded that TNT Express will be fined for a material amount as a result of this procedure,” TNT said in the statement.
FedEx gave notice in a June 30 filing with the Securities and Exchange Commission, saying it received an SO regarding TATEX, which FedEx acquired in 2012. FedEx said the alleged infractions, which “occurred primarily in the framework of trade association meetings,” happened before FedEx’s acquisition of the company.
According to news reports, Royal Mail’s French subsidiary, GLS.
French regulator investigating FedEx, TNT and Royal Mail
