TNT and UPS offer new concessions
The delivery giants United Parcel Service and TNT Express offered fresh concessions to Brussels yesterday as they struggle to get their merger past European regulators.
UPS and TNT said they would sell assets and open up their air flight operations, but gave few other details, Analysts were unimpressed. André Mulder, of Kepler Capital, said he doubted "whether that is sufficient to please the EC", adding: "We remain negative on the chance of success."
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies