French regulator fined 20 delivery services to 672 million euros

Moscow. December 15. Antimonopoly service of France on Tuesday fined 20 companies engaged in Express delivery, totaling 672,3 million euros for the fact that they set prices by colluding over six years, writes The Wall Street Journal.

The regulator claims that high-ranking representatives of the companies met in sectoral groups TLF, where they discussed prices and agreed to their increase from September 2004 to September 2010.

The most significant fine (196 million euros) must pay the largest representative of the scope of delivery in France – Geodis, a unit of state-owned railway SNCF.

In the list box also came with such leading international companies as DHL, FedEx and TNT.

In addition, the Antimonopoly service fined in the amount of 1.4 million euros on 15 companies that jointly agreed on the adjustment of fuel surcharges for delivery of parcels from may 2004 to January 2006.

Also British postal service Royal Mail has informed that will pay for 55.1 million euros for the settlement of litigation with French antitrust authority regarding its service business delivery GLS. Details of the agreement were not disclosed.