This website uses cookies. Continued browsing of this site implies consent for the use of these cookies. Find out more here >>

Post & Parcel

powered by Triangle.

News

FedEx and TNT Express Update

Wednesday, October 21st, 2015

FedEx and TNT Express have issued a joint statement confirming that to date they have not received a Statement of Objections from the European Commission regarding FedEx’s plans to buy TNT Express.

The statement continued: “The internal deadline of the European Commission for issuing a Statement of Objections would have expired on 23 October 2015, but FedEx and TNT have been informed by the European Commission that no Statement of Objections will be issued.

“FedEx and TNT continue to expect that the Offer will close in the first half of calendar year 2016.”

When the EC announced the launch of its phase II investigation into the consequence of the merger on 31 July, it issued a statement saying that it had some “concerns” about clearing the deal because “on a number of European markets for international express and regular (so-called ‘deferred’) small package deliveries, the merged entity would face insufficient competitive constraints from the only two remaining players (UPS and DHL)”.

Now, it would appear that these concerns may have been allayed and it is seen as increasingly likely that the deal will be given the go-ahead.

The EC is set to announce its decision by 13 January.

 

Source: FedEX and TNT Express

Tags: , , , ,

Leave a Comment

You must be logged in to post a comment.

FedEx and TNT Express Update

New Directory Members

Direct Link Worldwide Ltd

Direct Link specialises in international cross border distribution and returns of e-commerce packages worldwide. Parent company PostNord (the merged Swedish and Danish Post Offices) supports Direct Link with IT expertise, postal connections and international logistics solutions, across the Nordic countries and intercontinentally.

Sign-up

Post & Parcel Newsletters (Help)
  •  Daily newsletter


  •  Weekly newsletter


Latest Issue

About Post & Parcel

Post & Parcel is your key to the global mail and express industry. Every week Post & Parcel features the latest news, analysis of trends, insightful viewpoints, and exclusive interviews with leading industry experts.

Advertise with us

Advertise with us
We provide brands with an exciting range of advertising opportunities to reach the influential Post & Parcel audience. With campaigns suitable for every budget you can achieve your marketing objectives with Post & Parcel.