Independent journal on economy and transport policy
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Brussels formalizes the prohibition to the takeover of UPS on TNT Express
"the new society - it has emphasized the group American - could have brought a transformation to the field of the logistics"
January 30, 2013
Today the EU commission has formalized own prohibition to the acquisition of the Dutch logistic group TNT Express by American United Parcel Service (UPS). The decision to forbid the takeover was anticipated two weeks ago from the same Commission to the two companies and had induced the American group to announce the abandonment of the fusion project.
According to the Commission, the concentration would have determined a restriction of the competition in 15 States of the EU, in particular in the segment of the deliveries express of little ones necks towards another European nation. "In these Member States - it has specified today Brussels - the acquisition would have reduced the number of the single operators of relief to two or three, leaving in some cases the DHL which single alternative UPS. The concentration - it has emphasized the Commission - therefore would probably have damaged the customers provoking an increase of the prices".
Remembering that UPS has proposed to yield the branches of TNT in these 15 nations and to allow with the purchasers to approach its intra-European aerial Network for a period five-year-old, the EU commission has specified to have considered such insufficient remedies to resolve the impact of the operation on the competition.
From part its UPS, manifesting disappointment for the prohibition tax from the EU, today has restated that such remedies "meaningful and tangible and were managed in order to answer to the worries of the Europe Commission on the impact of the transaction on the competitive scene in Europe". "UPS - the American company has recriminated - considers that the new society could have brought a transformation to the field of the logistics, guaranteeing meaningful advantages to the consumers and the customers all over the world and meanwhile supporting the increase, so necessary in particular in Europe".
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Today the EU commission has formalized own prohibition to the acquisition of the Dutch logistic group TNT Express by American United Parcel Service (UPS). The decision to forbid the takeover was anticipated two weeks ago from the same Commission to the two companies and had induced the American group to announce the abandonment of the fusion project.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
