FedEx Express, the delivery giant's airline unit, signed an agreement Friday to acquire its Hungarian service provider, Flying-Cargo Hungary, a move that fits with its strategy to expand in Eastern Europe and gain greater control of service providers in emerging markets. Financial terms of the deal were not disclosed. F-C has been aligned with FedEx in Hungary since 2003, helping to move and deliver international express shipments. F-C's "day-to-day operations are expected to remain ...

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