EU begins investigation into Deutsche Post acquisition of Exel
The European Commission has begun its initial investigation into the acquisition of Exel PLC by Deutsche Post.
All mergers and acquistitions and joint ventures that meet certain sales thresholds in the EU are subject to approval by the commission. The initial probe lasts one month.
The commission will decide on the outcome of its initial probe into this deal on Nov 24.
At the end of its initial probe, the commission can decide to clear the deal, conditionally clear it, or open an in-depth probe lasting up to four months if there are serious competition concerns.
