United Parcel Service, the world’s biggest package-delivery company, scrapped a €5.16 billion bid for TNT Express after European regulators moved to block the deal.
EU competition authorities told the companies last week that the latest remedies were insufficient, according to TNT, which fell as much as 51 per cent in Amsterdam.
An agreement to sell TNT Airways and Pan Air Lineas Areas to Ireland’s ASL Aviation Group was conditional on the closing of the...
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