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By Alex Lennane
TNT and FedEx are set to become one by June 6, with approval by Chinese authorities the last obstacle to the merger.
In a call announcing TNT’s first-quarter results, CFO Maarten de Vries said integration planning was progressing well.
“We are confident of getting approval from China,” he said. The merger has already been approved in North America, Europe and Brazil.
TNT reported revenue of €1.58bn for Q1, a 2.2% fall, and noted that when adjusted for currency effects, fewer ...
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