The Competition Authority undertook a house search at the premises of the Iceland Post on Wednesday, due to suspicion of market abuse. Electronic data and paper documents were confiscated during the house search, which didn’t last long.
“It is part of an investigation of possible abuse of a market controlling position,” director of the Competition Authority Páll Gunnar Pálsson told Morgunbladid. “We were just gathering information which is necessary for investigating this case.”
He explained the authority has received complaints and pointers from Iceland Post’s competitors and the authority has therefore been monitoring the company for some time. Iceland Post has a monopoly on the delivery of letters.