A PYMNTS Company

Spain: Parcel Delivery sector to be probed again

 |  April 26, 2016

Spanish regulators CNMC has carried out a set of simultaneous dawn raids, on April 20 and 21st, at the headquarters of various parcel delivery and courier services.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    This is the second time that the Commission carries out such in-depth probing of the industry, due to suspected anti-competitive practices. The first set of inspections was carried out on November 11th and 12th last year, also prompted by rumors of likely uncompetitive practices being carried out, particularly dividing up customers between established companies.

    Should the investigation find evidence of forbidden, anticompetitive behavior regulated by the Law for the Defense of Competition, a formal sanctions process would begin against the accused companies. Any collusion between competitors is considered a very serious violation to competition laws, which can carry fines of up to 10% of total sales volume for the offending companies in the year prior to the sanction being applied.

    Full Content: CNMC

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.