The European Commission (EC) has formally approved FedEx Corp.’s proposed €4.4 billion ($4.77 billion) acquisition of TNT Express. “Following an in-depth investigation opened in July 2015, the Commission has concluded that the acquisition will not give rise to competition concerns, because FedEx and TNT are not particularly close competitors and because the merged entity will continue to face sufficient competition from its rivals in all markets concerned,” the EC ...

Subscribe to Access this Entire Article

"European Commission formally approves FedEx-TNT merger" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.