herald

Tuesday 14 August 2018

UPS bids for TNT

UNITED Parcel Service plans to pay $6.85bn (€5.2bn) for Dutch firm TNT Express.

The deal that will boost the position of the world's largest package delivery company outside the United States.

UPS will become the market leader in Europe and also gain access to TNT's stronger networks in the fast-growing Asian and Latin American markets.

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