Italy’s antitrust ministry fines Amazon 1.13 billion euros for allegedly abusing a dominant market position
FILE PHOTO: Amazon’s logo is seen at the company’s logistics center in Boves, France, October 6, 2021 REUTERS/Pascal Rossignol/File Photo
December 9, 2021
MILAN (Reuters) – Italy’s antitrust ministry on Thursday said it had fined e-commerce giant Amazon 1.13 billion euros ($1.28 billion) for allegedly abusing its dominant market position. .
In a statement, the watchdog said Amazon harmed operators competing in e-commerce logistics.
“Amazon holds a dominant position in the Italian market for intermediary services across markets, which Amazon has leveraged to favor the adoption of its own logistics service – Fulfillment by Amazon (FBA) – by sellers active on Amazon. This is harmful to the logistics services offered by competing operators, as well as to cementing its own dominant position,” it added.
The antitrust organization said it would impose Amazon’s remedial steps that would be reviewed by a supervisory trustee.
Amazon was not immediately available for comment.
(1 dollar = 0.8832 euros)
(Reporting by Maria Pia Quaglia and Elvira Pollina, editing by Agnieszka Flak)
https://www.oann.com/italys-antitrust-fines-amazon-1-13-billion-euros-for-alleged-abuse-of-market-dominance/?utm_source=rss&utm_medium=rss&utm_campaign=italys-antitrust-fines-amazon-1-13-billion-euros-for-alleged-abuse-of-market-dominance Italy’s antitrust ministry fines Amazon 1.13 billion euros for allegedly abusing a dominant market position
