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.
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.
