EU clears FedEx takeover of TNT

GMT 10:55 2016 Friday ,08 January

Arab Today, arab today EU clears FedEx takeover of TNT

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Paris - Arab Today

The EU Commission has cleared FedEx's 4.4-billion-euro ($4.8 billion) deal to buy Dutch rival TNT Express, a key tieup for the e-commerce delivery business, the companies said Friday.

"After its investigation, the European Commission has concluded that the deal does not raise any competition concerns," they said in a joint statement.

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