Brazil upholds approval of FedEx/TNT deal

Brazil upholds approval of FedEx/TNT deal

The Brazilian regulator Conselho Administrativo de Defesa Econômica (CADE) has upheld its unconditional approval of FedEx’s intented acquisition of TNT Express. As previously reported, CADE first announced its approval of the deal on 18 February; but then a third party – generally understood to be UPS – lodged an appeal.

FedEx and TNT Express have now obtained unconditional competition approval in the EU, Brazil and the US. They are will working with the regulatory authorities in other areas, including China.

In a statement issued today about the CADE decision, FedEx and TNT Express added that they are “making timely progress and continue to anticipate that the Offer will close in the first half of calendar year 2016”.

Relevant Directory Listings

Listing image

SwipBox

Focus on the user experience SwipBox is focused on creating the world’s best user experience for delivering and picking up parcels using parcel lockers. Through a combination of intuitive network management software and hassle-free, app-operated parcel lockers, SwipBox delivers maximum convenience to logistics providers, retailers […]

Find out more

Other Directory Listings

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What is your top business priority?

Thank you for voting
You have already voted on this poll!
Please select an option!








MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.

 

News Archive

Pin It on Pinterest

Share This