EU regulators broaden probe into UPS, TNT deal

Reuters – EU antitrust regulators stepped up their investigation into United Parcel Service’s UPS.N 5.2 billion euro $6.4 billion bid for Dutch peer TNT Express TNTE.AS on Friday, saying they were concerned about the combined company’s large market share.

UPS, the world’s No. 1 package delivery company, said last week that it expected the European Commission to open a lengthy investigation into the deal. The EU watchdog launched a preliminary review in June.

The Commission said it was worried about potential competition issues in the small package delivery sector, particularly international express services in some European Union countries where the combined company would have very high market shares.

More:  EU regulators broaden probe into UPS, TNT deal | Reuters.