As flagged, the EU has blocked UPS's (UPS) €5.2B acquisition of TNT Express, explaining that the...

|By:, SA News Editor

As flagged, the EU has blocked UPS's (UPS) €5.2B acquisition of TNT Express, explaining that the "(the deal) would have drastically reduced choice between providers and probably led to price increases." UPS said over two weeks ago that it expected a negative decision. (PR)