European Unioǹưantitrust regulators have not decided on whether to object to UPS Inc.’s bid to buy Dutch package firm TNT Express, Reuters reported Friday.
EU Competition Commissioner Joaquin Almunia told a news briefing in Brussels that the European Commission had not yet decided on the matter, Reuters said.
— extended from an originally targeted fourth-quarter completion — in order to allow European regulators more time to review the deal.
Separately, UPS’ international chief Dan Brutto said the company sees some short-term economic headwinds amid a decline in Asian manufacturing orders while it pursues the TNT deal, Bloomberg reported.
But UPS sees continued growth in Europe, Brutto said at a Bloomberg newsmakers event Thursday in Washington.
UPS is ranked No. 1 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
Transport Topics