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France fines 20 delivery firms €672m (£488m) for price fixing | BBC News

The companies fined include the French divisions of FedEx Express, TNT and DHL Express. TLF, the delivery union, was also among those fined.

The authority said that the price rises especially damaged small businesses.

An additional fine of €1.4m was issued to 15 of the companies, for agreeing on a system designed to pass on higher diesel prices to customers.

It outlined one case, in which some of the companies had planned an annual 5% price increase, but after secret meetings with other delivery companies, decided to raise prices by 7% instead.

“Meetings were organised regularly before and after new pricing rounds, which enabled the companies to homogenise their price demands and secure their commercial negotiations,” the competition watchdog said.

“The discussions were kept secret and there was no official record taken.”

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France fines 20 delivery firms €672m (£488m) for price fixing – BBC News.