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EU: Regulators to decide on Fedex’s, TNT deal by August 3rd

 |  June 29, 2015

European Union antitrust regulators will rule by Aug. 3 whether to clear U.S. package delivery service company FedEx’s 4.4-billion-euro bid for Dutch peer TNT Express, the European Commission said on Monday.

FedEx, which wants to merge its air fleet with TNT’s extensive European road network to better compete with rivals United Parcel Service and Deutsche Post, sought EU approval last Friday.

The Commission’s preliminary review takes 25 working days and can be extended by another 10 working days if concessions are offered to counter regulatory concerns.

Full content: The Economic Times

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