default_image
© Khunaspix Dreamstime.

UPS could sue the EU for $2bn in damages after a court ruled that the European Commission wrongly vetoed UPS’s proposed takeover of TNT Express. Instead, FedEx paid €4.4bn for TNT in 2016. 

UPS said it would seek €1.74bn in damages after the European Court of Justice ruled it its favour, claiming procedural error by the commission. Reuters reports. 

Comment on this article


You must be logged in to post a comment.

    Topics

    EU FedEx UPS