The European Commission has fined German post office Deutsche Post AG 24 million euros ($21.7 million) for abusing its dominance to undercut rivals in the German parcels market, according to Reuters.
The relatively modest fine was set once Deutsche Post agreed to create a separate parcel company that would buy services from Deutsche Post on the same terms as from United Parcel Service and other competitors.
The European Union’s antitrust watchdog imposed the fine after finding that Deutsche Post had granted large mail order companies substantial discounts if they agreed to send all their parcels through Deutsche Post.
The German postal service “abused its dominant position by granting fidelity rebates and engaging in predatory pricing in the market for business parcel services,” the Commission said in a statement.
But the German postal service faces two other continuing investigations by the Commission.
Network
