Navigation path

Login   |   Register

Advanced search Search in:    Audio    Photo    Video    Shotlist


OR









Extracts from the press conference by Joaquín Almunia on the EC block of proposed acquisition of TNT Express by UPS

0 views

On 30 January 2013, Joaquín Almunia, Vice-President of the EC in charge of Competition, held a press conference on the EC block of proposed acquisition of TNT Express by UPS.The European Commission has prohibited under the EU Merger Regulation the proposed acquisition of TNT Express by UPS. The Commission found that the take-over would have restricted competition in 15 Member States when it comes to the express delivery of small packages to another European country. In these Member States, the acquisition would have reduced the number of significant players to only 3 or 2, leaving sometimes DHL as the only alternative to UPS. The concentration would therefore have likely harmed customers by causing price increases. During the investigation, UPS offered to divest TNT's subsidiaries in these 15 countries and allow the buyer to access its intra-European air network for five years. The Commission carried out an in-depth assessment, including a market test where customers and other interested parties were consulted. However, these remedies proved inadequate to address the identified competition concerns.

Type: Press conference - summary   Reference: I-076010   Date: 30/01/2013   Duration: 01:55
Personalities:   Almunia, Joaquín  
Location: Brussels - EC/Berlaymont  
Languages: ORIGINAL

Tags: Competition | Merger
RAPID: INFO PRESS, SPEECH,
© European Union, 2013   /   Source: EC - Audiovisual Service
Director: Ines Espana
To download, please log in






Related videos

01:55 Extracts from the press conference by Joaquín Almunia on the EC block of proposed acquisition of TNT Express by UPS
Extracts from the press conference by Joaquín Almunia on the EC block of ...
Ref: I-076010
Date: 30/01/2013
35:49 Press conference by Joaquín Almunia on the EC block of proposed acquisition of TNT Express by UPS
Press conference by Joaquín Almunia on the EC block of proposed acquisition of ...
Ref: I-076006
Date: 30/01/2013

Related photos

Press conference by Joaquín Almunia, Vice-President of the EC, on the decision of the EC regarding the proposed acquisition of TNT Express by UPS
Press conference by Joaquín Almunia, Vice-President of the EC, on the decision ...
Ref: 022625
Date: 30/01/2013

Credit © European Union, 2019