Brazilian competition watchdog Conselho Administrativo de Defesa Econômica has unconditionally approved FedEx’s plans to acquire TNT Express. In February 2015, FedEx inked a conditional agreement to acquire 100% of TNT Express for €4.4 billion ($4.9 billion). Announcing the unconditional Brazilian clearance on Feb. 2, FedEx Express president and CEO David Bronczek said the acquisition will bring opportunities for the company’s stakeholders in Latin America and across ...

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