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As part of the approval process, the EC will
market-test the remedies on a confidential
basis. The proposed remedies comprise
the sale of business activities and assets in
combination with granting access to air
capabilities. Eligible buyers of these
activities will have to ensure the long-term
viability of the divested activities and
continuity of customer service.
No further details of the confidential
discussions or proposed remedies will be
revealed at this stage. The discussions are
ongoing, which means that the offered remedies
may be subject to change.
UPS and TNT Express believe their merger will
help create a more efficient logistics market,
thereby improving the competitiveness of Europe
and the solutions offered to businesses and
consumers. Customers and consumers will benefit
from a broader portfolio of services and better
global access, along with lower supply-chain
costs overall and improved service levels in
terms of timing and reliability.
UPS and TNT Express value their employees
highly. Both UPS and TNT Express will follow the
required consultation and advice procedures with
their works councils with regard to these
remedies.
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