News / Relief for FedEx as EC decides TNT takeover bid raises 'no competition concerns'

The European Commission has decided that FedEx’s proposed acquisition of TNT Express raises no competition concerns.

EC regulators undertook a wide-ranging investigation after the $4.9bn deal was announced in April, and caused jitters by warning that the merged company would face “insufficient competitive constraints” in several European markets.

However, FedEx received assurances from the EC in October that no “statement of objections” would be issued in Europe. In November, the company secured US antitrust approval for the acquisition.

TNT shareholders also gave their ...