FedEx acquisition of TNT Express approved

The proposed acquisition of TNT Express by FedEx Express has been approved by the European Commission. The commission had already informed FedEx and TNT in October that it would not be objecting to the deal. TNT has offered several concessions to secure this approval, including selling its TNT Airways and Pan Air Líneas Aéreas subsidiaries. Ireland’s ASL Aviation Group had agreed to buy both airlines when UPS attempted to buy TNT three years ago, and is thought to be still interested.

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