EU court rejects UPS €1.7bn TNT claim against Brussels

FDX: CAPITAL STRUCTURE ADJUSTMENTPLD: DOWN SHE GOESPLD: REIT DEAL-MAKINGFDX: HOLDING UPVW: BIG DIVESTMENTAMZN: AI INVESTMENTMAERSK: ANOTHER UPGRADE GXO: CONTRACT RENEWALFDX: SELL-SIDE REACTION TO INTERIMSFDX: CONF CALL FDX: EARNINGS BEAT FDX: FREIGHT SPIN-OFF UPSIDEPLD: 'OPPORTUNISTIC DEAL-MAKING'PLD: REJECTED BY SEGROPLD: HUNTINGKNIN: BOND FINANCINGWTC: UP WE GO

FDX: CAPITAL STRUCTURE ADJUSTMENTPLD: DOWN SHE GOESPLD: REIT DEAL-MAKINGFDX: HOLDING UPVW: BIG DIVESTMENTAMZN: AI INVESTMENTMAERSK: ANOTHER UPGRADE GXO: CONTRACT RENEWALFDX: SELL-SIDE REACTION TO INTERIMSFDX: CONF CALL FDX: EARNINGS BEAT FDX: FREIGHT SPIN-OFF UPSIDEPLD: 'OPPORTUNISTIC DEAL-MAKING'PLD: REJECTED BY SEGROPLD: HUNTINGKNIN: BOND FINANCINGWTC: UP WE GO

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© Alexey Novikov
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It feels like a long time ago now, but remember the UPS bid for TNT, turned down by the EU, while FedEx was allowed? UPS didn’t attempt to overturn FedEx’s deal, but it did hit the EU with a €1.7bn compensation claim. The EU’s General Court has dismissed the claim, perhaps unsurprisingly. And it has also dismissed one from ASL Aviation, which despite agreeing to buy TNT’s airlines, had also tried to sue the EU for €93.8m over loss of profits after the UPS deal was blocked. CH Aviation reports.

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