UPS Said to Weigh Concessions When EU Objects to TNT Bid

Discussion in 'The Latest UPS Headlines' started by cheryl, Oct 11, 2012.

  1. cheryl

    cheryl I started this. Staff Member

    UPS Said to Weigh Concessions When EU Objects to TNT Bid - Bloomberg

    EU Competition Commissioner Joaquin Almunia said on Oct. 2 that the UPS deal would reduce from four to three the number of companies that control pan-European parcel-transport networks. Regulators would analyze whether the combined firm would be “challenged enough” by DHL and FedEx Corp. (FDX), he said.

    “These companies offer a service that has a broad impact on our economy, especially for cross-border trade, so it is important that customers continue to have access to these services at competitive conditions,” Almunia said in the speech in Nicosia.