ups-tnt-merger
UPS and TNT Express said they would sell assets and open up their air networks on 30 November in a bid to assuage Brussels regulators in their bid to get approval for their planned merger. However, the express delivery companies gave few other details. According to press reports, UPS has been in talks with the Royal Mail, La Poste in France and FedEx about selling some assets.
The submission extends the ...
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UPS and TNT said on 19 October that they have received a Statement of Objections (SO) from the European Commission (EC) over the competitive effects of their intended merger on the international express small package market in Europe.
In a statement, the two carriers described the SO as a normal step ...
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The European Commission may send UPS and TNT a statement of objections to their proposed merger, reports the Europolitcs website. It said that this might force the US parcels giant into making concessions.
EU Competition Commissioner Joaquin Almunia, at a 20 September conference in the US said it was important to ...
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