UPS Sues EU Over Blocked TNT Express Deal
Logistics giant UPS is suing the European Commission, seeking compensation for the 2013 rejection of its proposed acquisition of TNT. This follows a ruling by the EU General Court that the Commission made procedural errors. UPS argues the acquisition would have benefited customers and expresses continued confidence in the European market. The case could reignite scrutiny of EU antitrust reviews and have a significant impact on the global logistics industry. UPS maintains that the Commission's decision was flawed and caused substantial financial damage.
