TNT Express confirm UPS merger delay


 

TNT Express has confirmed that the European Commission has temporarily suspended a merger bid with rival postal company UPS. Despite the delay, which will allow the EU regulator to compile more information, TNT Express say that they “would still anticipate a closing in the fourth quarter.” A spokesman for TNT Express tells MT.co.uk: “We have been notified of what is expected to be a temporary delay in the European Commission’s review process. Suspensions are not uncommon, it’s the result of […]