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FedEx says no EU objections to TNT purchase

2015-10-21 10:22:17| Air Courier - Topix.net

FedEx Corp. said Tuesday it had been informed that it won't be challenged by European regulators in its acquisition of Dutch parcel firm TNT Express NV, clearing one of the biggest hurdles in the nearly $5 billion deal. While the companies still must receive approvals from regulators in other countries, the news was an unexpectedly easy pass from Europe's antitrust cops, which blocked a similar deal between rival United Parcel Service Inc. and TNT in 2013.

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