Wednesday, September 20, 2017

FedEx will buy TNT Express for

FedEx will buy TNT Express for 4.4 billion euros

Company
FedEx, one
the world's largest companies
express delivery of cargo and mail,
buy one of its competitors -
Dutch company TNT
Express. cost of
the deal is estimated at € 4.4 billion for
by this American FedE
will escalate
its presence in Europe. shares of TNT
Express on
this news jumped by 30%.


In
Tuesday the parties made a statement
future transaction and announced that
united group of companies will
Europe's third strong player,
who will be able to compete with DHL
and UPS.
sides
They hope that the deal will not prevent
European regulators, who in 2013
We were already banned attempt FedEx
buy
UPS.


"Before
We have been in the European market two strong
companies and two - in the weaker position.
Now they will be only three, but they will
equal in strength. We have to fight
for the customer, "- says Anthony Borgmans,
TNT head.
David Bronzhek,
FedEx executive,
said: "For the
customers, of course, it is better that
The European Commission wants to see more
competition. " He added that he is "confident"
that through all the obstacles,
created by regulators, will be able to
successfully pass though to the final
completion of the transaction will take many
time - probably about a year. If
transaction still goes wrong, the company TNT
will be
paid a penalty of $ 200 million.


An association
companies from the express delivery sector
in Europe, as elsewhere, will provide
pressure on prices due to the struggle for a share
market.



Related posts




  • Bloomberg five main themes of


    Bloomberg: the five main themes of this Friday , from Yanis Varoufakis to Nasdaq Bloomberg It lists the main events, which will be remembered for today's...




  • Computing power of market structu


    The computing power of the market structure Now we know that the market is an efficient machine for the distribution of funds between the parties. Now...




  • Intuitive trading


    intuitive trading Exchange is like a beautiful woman - unpredictable, changeable, infinitely complex and hypnotically fascinating. AT there is always...




Next posts


No comments:

Post a Comment

BoM Collection

BoM Collection BoM Collection currently includes three councilors - Breath of Market EURUSD (recommend to read the description), Breath of...