Tuesday October 27, 2020

Irish company loses out as UPS/TNT deal is blocked

United Parcel Service scrapped a €5.16 billion bid for TNT Express after European regulators moved to block the deal, meaning a deal with Ireland's ASL will also be scrapped.

14th January, 2013
UPS's bid to buy TNT has been blocked by the EUropean Commission.

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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 9 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 5 years ago