TNT Express takes note of UPS appeal of EC decision

TNT Express has taken note of the appeal by UPS to the European Court of Justice regarding the prohibition of the proposed acquisition of TNT Express by UPS.

acquisition TNT Express UPS

TNT Express understands that the appeal is intended to clarify the EC’s legal assessment of the dynamics of the European express market. It does not imply a renewal or reconsideration of the previously proposed UPS offer. The merger agreement between TNT Express and UPS was terminated and the UPS offer was withdrawn following the EC decision in January 2013.