SDC closes case on Spanish Correos
In Spain, the Spanish competition authority, the SDC, has closed the case on postal services provider Correos for abusing its market power, following Correos’ commitment to refrain from manipulating the market by charging below-cost prices to major clients. The original proceedings against Correos were opened in 2002, when the Spanish postal employers’ association, Asempre, accused Correos of entering into contracts with major clients, such as Banco Bilbao Vizcaya Argentaria (BBVA), Spain’s second-largest bank, and Catalan savings bank La Caixa, containing heavy discounts resulting from cross-subsidisation.
