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UPS's (UPS) €5.16B acquisition of TNT Express moves a step closer after the latter...

UPS's (UPS) €5.16B acquisition of TNT Express moves a step closer after the latter conditionally agrees to sell its airlines operations to Dublin-based ASL Aviation Group. The divestiture will enable a combined UPS-TNT to comply with rules that bar a non-EU entity from controlling over 50% of an EU airline operator.
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