The European Commission (EC) has given the green light to FedEx’s €4.4bn (£3.2bn) bid for TNT Express announced in April last year. In a joint statement issued this morning (8 January) by the two parcel giants, the EC confirmed it had given its unconditional approval to the deal. This follows an investigation launched by the EC in August last year to explore concerns “that on a number of European markets for international express and regular small packaged deliveries, the merged […]
TNT Express has won a contract to become the exclusive express delivery provider for musical instrument and audio equipment manufacturer and Gibson.
FedEx and TNT are one step closer to their merger after a joint statement from the companies said they did not expect to receive a statement of objections from the European Commission, which might have slowed or even vetoed the deal.