The European Commission said it has cleared the acquisition by Deutsche Post World Net AG of a majority stake in Spain’s parcel delivery group Guipuzcoana Euro Express.
Deutsche Post is raising its stake to 51 pct from 49 pct.
The acquisition was examined under the commission’s simplified merger procedure.
Escher powers the world’s first and last mile deliveries, helping Posts connect nearly 1 billion consumers with global ecommerce networks. Postal operators rely on Escher to deliver an enhanced retail and digital customer experience, to activate new revenue streams, and to realize new delivery economics. […]
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