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 […]