Proposed UPS-TNT Express Deal Raises Competition Concerns in Most EU Countries-Source - Fox Business
European Union regulators have warned that a planned deal to create Europe's largest package-delivery company raises competition problems in almost all 27 member states, according to a person familiar with the situation.
"This would seem to suggest that UPS can no longer hope to clear the deal by offering country-by-country divestments, but instead would need to look at offering solutions for its entire network," the person said.
The Commission has said it plans to make a final decision by early February.
European Union regulators have warned that a planned deal to create Europe's largest package-delivery company raises competition problems in almost all 27 member states, according to a person familiar with the situation.
"This would seem to suggest that UPS can no longer hope to clear the deal by offering country-by-country divestments, but instead would need to look at offering solutions for its entire network," the person said.
The Commission has said it plans to make a final decision by early February.
