China approves FedEx’s takeover of TNT

FedEx’s 4.4 billion euro ($5 billion) takeover of TNT Express has the final hurdle, having obtained unconditional approval from the Chinese government’s ministry of commerce. Chinese government approval was the final regulatory requirement to overcome, after the European Union and Brazil’s Conselho Administrativo de Defesa Economica both approved the deal earlier this year, despite an appeal […]

FedEx takeover of TNT appeal rejected in Brazil

The unconditional approval of FedEx’s acquisition of TNT Express has been upheld after the appeal lodged in Brazil was rejected. Brazil’s Conselho Administrativo de Defesa Economica unconditionally approved the 4.4 billion euro ($4.9 billion) deal on 2 February but an unnamed third party filed an appeal on 18 February. The takeover has received anti-trust approval […]

FedEx takeover of TNT approval appealed

The approval of FedEx’s takeover of TNT Express by the Brazilian Conselho Administrativo de Defesa Economica (CADE) has been appealed by a third party. CADE had unconditionally approved the takeover on 2 February as part of the process of gaining approval from relevant antitrust authorities. On 5 February, it was announced that TNT Express was […]