EU regulators ponder concessions on FedEx-TNT deal

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By Alex Lennane

02/10/2015

It could be bad news for FedEx. When it initially announced its hastily put together plan to take over TNT, it foresaw no antitrust trouble. Much like UPS did, in fact. But the word is out that the European Commission is looking for concessions, concerned about the lack of competition in the express delivery market. What form this will take is not yet known, but in what is said to be a “finely balanced” case, FedEx may be required to sell some assets. Regulators could, in a week or two, serve a ‘formal complaint’ – a step typically followed by a request for concessions.

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