UPS said it will continue to promote the acquisition of TNT Express

UPS company showed recently, the company will continue to promote the acquisition of TNT express request for quote, with TNT express employees to achieve new wage agreement.
According to Bloomberg and Reuters, UPS company has been to negotiate with the EU, assess the merger on market competition effect.
The EU competition commissioner, says Joaquin Almunia, M & A may worry about competition and price impact. After the merger of two companies may exceed the DHL FEDEX, became Europe's only major international express operators.
To this, UPS and TNT, Europe Express has a much broader market, parcel operator GeoPost, DPD and Royal Mail GLS are important market operators.
MYEX Fujian Asia International Express
2012-11-05