Amsterdam, the Netherlands
France’s Competition Authority (Autorité de la Concurrence, “FCA”) today 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.
TNT will review the merits of the decision.
About TNT
TNT is one of the world’s largest express delivery companies. On a daily basis, TNT delivers close to one million consignments ranging from documents and parcels to palletised freight. The company operates road and air transportation networks in Europe, the Middle East and Africa, Asia-Pacific and the Americas. TNT made €6.7 billion in revenue in 2014.
Contact information:
| MEDIA / INVESTORS Gerard Wichers P: +31 (0)88 393 9500 E: gerard.wichers@tnt.com |
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