Almunia Says TNT Would Need to Be Substituted in the Market - Bloomberg
The EU is currently reviewing UPS’s concessions, such as selling assets and offering air-network access to rivals, as the company seeks antitrust approval for the purchase of TNT. The EU’s deadline to rule on the deal is Feb. 5.
“Under some conditions in merger cases the clock can be stopped but so far I don’t see these conditions in this case,” Almunia said, referring to the possibility of extending the deadline for the ruling.
The EU is currently reviewing UPS’s concessions, such as selling assets and offering air-network access to rivals, as the company seeks antitrust approval for the purchase of TNT. The EU’s deadline to rule on the deal is Feb. 5.
“Under some conditions in merger cases the clock can be stopped but so far I don’t see these conditions in this case,” Almunia said, referring to the possibility of extending the deadline for the ruling.
