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Pilot Career Center - Global

Brussels gives green light to FedEx-TNT deal

Brussels gives green light to FedEx-TNT deal

2015 10 21

2015 10 21

FedEx and TNT Express say that the European Commission will not object to their planned merger, ahead of the expiry of a deadline on 23 October. The announcement clears a significant hurdle for the deal. Although clearance from competition authorities in other countries is still needed, the European Commission’s assent is significant as Brussels scuppered a similar merger between UPS and TNT in 2013.

FedEx’s offer for TNT is now expected to close in the first half of 2016.

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