UPS sues EU for $2.1bn after botched veto of TNT bid

Sustainable-TNT-Centre-Entree1_Foto-door-Bowie-Verschuuren

By Gavin van Marle

26/02/2018

UPS is set to return to European courts to win compensation for alleged damages from its aborted attempt to buy Dutch integrator TNT. Its offer to purchase TNT had been vetoed by the EC’s competition watchdog on anti-competitive grounds, which were later judged to be wrong by the EU’s General Court. “UPS is asking the EU’s General Court to award it compensation plus interest and taxes,” reports Bloomberg.

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Topics

Antitrust Investigations European Commission In the dock Takeover Talk TNT UPS FedEx Parcels RMW Commerce Consulting TD Cowen/AFS Index

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