Amsterdam, The Netherlands, 18-4-2013 — /europawire.eu/ — TNT Express has taken note of the appeal by United Parcel Service Inc. (UPS) to the European Court of Justice regarding the 30 January 2013 decision of the European Commission (EC) to prohibit the proposed acquisition of TNT Express by UPS.
TNT Express understands that the appeal is intended to clarify the EC’s legal assessment of the dynamics of the European express market. It does not imply a renewal or reconsideration of the previously proposed UPS offer. The merger agreement between TNT Express and UPS was terminated and the UPS offer was withdrawn following the EC decision in January 2013.
TNT Express continues to focus on the execution of its updated strategy and profit improvement plan as announced on 25 March 2013.
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