The European Union formally rejected UPS 's acquisition of Holland TNT

The local time on January 30th officially rejected the American UPS acquisition of Holland TNT resolution. In January 14th, UPS and TNT have announced plans to merge its failure.
The EU Competition Commission Almunia said at a news conference, the past three years, the Committee has approved about 800 m & A case, this is the three years the Committee third times for enterprise merger formally rejected. Because, the planned merger between the two if approved, the EU has 15 member states will face unfair competition in the development of small parcel express services.