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TNT and UPS propose concessions to aid merger

Regulatory/Transport

Friday, November 30, 2012

TNT and UPS have told the European Commission that the two companies will sell business assets and grant air access to outside companies in order to address the organization's objections to a proposed merger and ensure a deal goes through by early 2013. Details of the concessions are not being released, but they concern competitive effects the merger would have on the international express small-package market in Europe. "Eligible buyers of these activities will have t...

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