EU will not stop FedEx acquisition of TNT


FedEx Corporation, FedEx Acquisition B.V. and TNT Express N.V. have jointly confirmed that, to date, they have not received a Statement of Objections from the European Commission.

The internal deadline of the European Commission for issuing a Statement of Objections would have expired on 23 October 2015, but FedEx and TNT announced that the companies had been informed by the European Commission that no Statement of Objections will be issued.

FedEx and TNT continue to expect that the acquisition will close in the first half of calendar year 2016. 

 

GSCi

The world's largest collection of global supply chain intelligence

  • quickly and easily search and gain invaluable insight into the logistics industry
  • Empower everyone from business development executives to CEO level
  • Enhance the role of the market research department