European competition authorities review UPS-TNT deal

Europe

Tuesday, October 02, 2012

A competition official in the European Commission said in a speech Tuesday his agency is reviewing the planned merger of UPS and TNT to ensure there will be sufficient competition after a combination. UPS said earlier this month it hopes to compete the deal early next year. Joaquín Almunia, vice president of the European Commission responsible for competition policy, said during a speech in Nicosia, Cyprus, there is a "need to keep an eye on deals that would...

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