UPS has responded by releasing a statement that reads as
follows. - The EC's analysis recognized that 95 per cent
of the combined UPS and TNT business was not
problematic. Additionally, there were no concerns in the
countries that drive 80 per cent of European Union (EU)
GDP, namely France, Spain, Germany, Italy and the UK. In
the 15 countries where concerns were identified, UPS
proposed significant and tangible remedies.
With its decision, the EC prevented a sizeable
investment in Europe of approximately EUR 5.2 billion
($6.8 billion), better services and pricing, and more
important, an improvement of the European logistics
infrastructure in those economies that are still
struggling to return to economic growth.
In April 2013, UPS appealed the EC's decision to
block the transaction for several reasons: the
decision was not based on an accurate assessment of
the multi-product nature of customer contracts, it
erroneously focused on a single product (next day
cross-border shipments), ignored significant
evidence from UPS and TNT about the strength and
number of other competitors, and considered only a
fraction of the efficiencies that would have been
created following the acquisition.