Back in 2013 the EU blocked UPS’s $5.5bn takeover of Dutch-based TNT over concerns that the deal would affect consumers with drastically reduced choice and expected price increases for small parcel delivery in Europe. However, in an interesting turn of events, this week an EU court ruled in agreement with UPS that the EU’s probe, led by the Competition Commissioner at the time Joaquín Almunia, was wrong in its decision to block the deal.
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EU court annuls block of 2013 UPS and TNT merger
Posted on March 15, 2017 By
Benchmark International in
Benchmark International +
Coyote Logistics +
General Court +
mergers +
UPS +
Acquisitions +
EU +
European Union +
Mergers and Acquisitions +
TNT