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EU: UPS wins court challenge against TNT bid block

By  |  March 7, 2017

On Tuesday europe’s second highest court annulled on Tuesday a 2013 decision by EU regulators to block US package delivery company United Parcel Service’s bid for Dutch peer TNT, citing a procedural irregularity in the process.

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    “The Commission infringed UPS’s rights of defence by relying on an econometric analysis which had not been discussed in its final form during the administrative procedure,” judges at the Luxembourg-based General Court said.

    The EU veto paved the way for US rival FedEx to acquire TNT last year, a deal given the green light by the Commission.

    Full Content: Financial Times

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