TNT has sold its aviation business and promote the UPS acquisition process

Recently, TNT has its aviation business conditions attached to sell ASL Aviation group. Due to the provisions of the European Union, non-EU companies could not hold more than 50% of the shares of European airlines. With the TNT aviation business sale, UPS and TNT M & A to advance.
TNT recently issued a statement, the aviation business sale depends on the TNT and UPS between M & a transactions. TNT and UPS had in merger agreement that, its aviation business buyers need to meet the relevant provisions of the European Union, but according to the relevant provisions, outside the European Union European regional airline company shall not hold more than 50% of the shares. Only the majority stake in the EU aviation regional Corporation hand, can retain its business license.
In March, UPS agreed to buy TNT of about 5160000000 euros, to expand the European market. But the European Commission 10 officially opposed the merger, was the main reason for this transaction will lead to control of trans European parcel transport network will be reduced to 3 from 4. Currently, UPS TNT & M to the contract has further extended to 2013 2 at the end of.
MYEX Fujian Asia International Express
2012-11-21