EC gives go-ahead to FedEx takeover of TNT Express


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 […]