French launch anti-trust probe into express market

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Royal Mail and TNT Express have confirmed that they are being investigated for alleged breaches of French anti-trust laws.

The move is part of a broad investigation by the Autorité de la Concurrence, into anti-competitive practices in the French express market.

In a statement, Royal Mail said the allegations related to operations of its GLS subsidiary in France. “We are currently considering the notice received from the French regulator. Given the early stage of this matter, we cannot yet determine the amount or range of potential loss; however, it is possible that it could be material.”

TNT Express said it had cooperated with the investigation since it started in 2010. ”On the basis of preliminary analysis of the Statement of Objections, it cannot be excluded that TNT Express will be fined for a material amount as a result of this procedure.”

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