FedEx said it “remains confident” about its proposed takeover of TNT Express despite the European Commission launching what it termed an “in-depth investigation” into the planned acquisition. The Commission said: “The EC is concerned that on a number of European markets for international express and regular small package deliveries, the merged entity would face insufficient competitive constraints if the takeover went ahead. This could lead to higher prices for business customers and consumers.” It stressed the merger would leave just […]
DHL Tradeteam has revealed details of its three year contract with soft drink bottler and supplier Coca-Cola Hellenic, its first direct relationship with a soft drinks supplier.
The offer period for the proposed merger of UPS and TNT Express has once again been extended. Following an exemption granted by The Netherlands Authority for the Financial Markets (AFM), the period has been extended until one week after competition clearances have been obtained from regulators, the European Commission and the Chinese Ministry of Commerce. The clearances are not expected to be issued before the end of the current offer period on 9 November. The latest extension will see the […]
Whistl saw a leap in pre-tax profit in its first full-year results since the MBO that saw it separated from its PostNL origins.