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EU looking 'closely' at UPS-TNT deal

Markets

Friday, December 07, 2012

The competition arm of the European Commission continues to look “closely” at the UPS’ planned acquisition of TNT Express. In a speech Thursday at the EU Competition Policy Conference in Brussels, Joaquin Almunia, the commissioner responsible for competition, tried to shed a little light on the EU’s process without sharing too much new information about internal UPS-TNT discussions. Almunia pledged to analyze the remedies recently proposed by UPS in the coming weeks.&n...

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