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Image header Agence Europe
Europe Daily Bulletin No. 10661
ECONOMY - FINANCE - BUSINESS / (ae) competition

Detailed investigation into UPS/TNT merger

Brussels, 23/07/2012 (Agence Europe) - On Friday 20 July 2012, the European Commission opened an in-depth investigation into the proposed acquisition for €5.16 billion of TNT Express of the Netherlands by the American company United Parcel Service (UPS), both major players in the parcel delivery industry. EU Competition Commissioner Joaquín Almunia said: “The proposed acquisition could reduce competition for the provision of the fastest express delivery services, to the detriment of...

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