UPS files appeal in Brazil regarding FedEx’s acquisition of TNT Express

UPS files appeal in Brazil regarding FedEx’s acquisition of TNT Express

FedEx and TNT Express N.V. announced this morning (18 February) that a third party has filed an appeal regarding the Brazilian regulator Conselho Administrativo de Defesa Econômica’s (CADE) unconditional approval of the FedEx/TNT merger. As previously reported, the unnamed third party is understood to be UPS.

In a joint statement issued this morning, FedEx and TNT said that they “remain confident that the Offer will close in the first half of calendar year 2016” – and a TNT spokesperson confirmed to Post&Parcel that this was still the very much the schedule that the two companies were working on.

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