Arab Today, arab today eu opens antitrust probe into fedextnt express merger
Last Updated : GMT 06:51:35
Arab Today, arab today
Arab Today, arab today

EU opens anti-trust probe into FedEx-TNT Express merger

Arab Today, arab today

Arab Today, arab today EU opens anti-trust probe into FedEx-TNT Express merger

US delivery giant FedEx agreed
Brussels - AFP

The EU said Friday it has opened an anti-trust probe into the planned multi-billion-euro merger of US delivery service giant FedEx and Dutch rival TNT Express.

"The European Commission has opened an in-depth investigation to assess whether the proposed acquisition of TNT Express by FedEx Corporation is in line with the EU merger regulation," the bloc's executive arm said in a statement.

 

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