Freight News, Air

Brussels to review FedEx-TNT merger

[ August 3, 2015   //   ]

The European Commission said on 31 July that it had started a Phase II review of FedEx’s intended public offer to buy TNT Express. It says that this is the next step in its analysis before coming to a decision. The transaction is also being reviewed by other antitrust agencies, including the Ministry of Commerce (MOFCOM) in China and Conselho Administrativo de Defesa Econômica (CADE) in Brazil. Subject to the necessary approvals, closing of the offer is anticipated in the first half of 2016.

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