Fedex requests EU approval for TNT bid
Updated : 11:56
US delivery and logistics service company FedEx has asked the European Union (EU) competition regulators to approve its €4.4.bn offer for Dutch rival TNT.
Spokeswoman Nira Gale specified said the request was submitted by Fedex on Friday.
Both companies announced on 7 April they had reached an agreement that the US courier giant would buy the Dutch group in an all-cash €8 per share offer.
Read more: Fedex to buy Dutch TNT Express for 4.4bn euros
TNT had agreed a takeover by UPS in 2013, but was denied by the European Commission's competition authorities.
You may also enjoy reading:
FedEx to book $2.2bn charge after changing pensions accounting
UK Mail blames fewer parcels for lower H1 revenue forecast