Home / FedEx / FedEx to buy TNT for $4.8 billion to expand Europe deliveries

FedEx to buy TNT for $4.8 billion to expand Europe deliveries

FedEx Corp is seeking to buy Dutch package delivery firm TNT Express for an agreed 4.4 billion euros (£3.2 billion), aiming to succeed where United Parcel Service failed two years ago when its bid was blocked by competition regulators. FedEx and TNT said on Tuesday they did not expect significant opposition from regulators. Unlike FedEx, UPS already had a strong European network when it bid for …

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