Iberola faces competition inquiry into tie-up with Portugal Post Office
Portugal’s Competition Authority has asked for a copy of the marketing agreement between Iberdrola SA and Portugal’s CTT post office, Semanario Economico reported, without naming its source.
The request indicates that the authority suspects a violation of competition rules, the financial weekly said.
Announcing the signature of the agreement earlier his week, Iberdrola said it is targeting 1 mln customers, equal to a 15-20 pct share of the Portuguese electricity market, within five years.
Under the agreement, Iberdrola will market electricity through Portugal’s 3,500 post offices.
