OREANDA-NEWS. FedEx Corporation (FedEx), FedEx Acquisition B.V. (the Offeror) and TNT Express (TNT Express) hereby jointly announce that they have obtained the unconditional approval of the European Commission in connection with the Offer. After its investigation, the European Commission has concluded that the deal does not raise any competition concerns.FedEx Corporation (FedEx), FedEx Acquisition B.V. (the Offeror) and TNT Express (TNT Express) hereby jointly announce that they have obtained the unconditional approval of the European Commission in connection with the Offer. After its investigation, the European Commission has concluded that the deal does not raise any competition concerns.

“We are extremely pleased to receive the European Commission’s unconditional approval,” said David Binks, Regional President Europe, FedEx Express. “We believe the combination of TNT Express and FedEx will provide significant value to the employees, customers and shareholders of both companies.”

FedEx and TNT Express continue to work constructively with the regulatory authorities to obtain clearance of the transaction in the remaining jurisdictions, including Brazil and China. FedEx and TNT Express are making timely progress and continue to anticipate that the Offer will close in the first half of calendar year 2016.

About FedEx Corp.

FedEx provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $48 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 340,000 team members to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities.

About TNT Express

TNT Express is one of the world’s largest express delivery companies. On a daily basis, TNT Express delivers close to one million consignments ranging from documents and parcels to palletised freight. The company operates road and air transportation networks in Europe, the Middle East and Africa, Asia-Pacific and the Americas. TNT Express made €6.7 billion in revenue in 2014.