TNT Express shares fall after report EU to object to UPS bid

AMSTERDAM, Oct 10 (Reuters) - Shares in Dutch delivery groupTNT Express fell as much as 2.5 percent on Wednesdayafter the Financial Times reported the European Union wouldobject to American rival UPS's 5.2 billion euro ($6.7billion) bid for TNT.

EU antitrust regulators in July stepped up the probe intothe transaction, the biggest in UPS's 105-year history, citingworries about concentration in the small package deliverysector.

TNT Express shares were down 0.8 percent at 8.09 euros by0711 GMT, compared with UPS's bid of 9.50 euros per share. TNTExpress shares have been trading below 9 euros since the end ofJuly.($1 = 0.7754 euros)

(Reporting by Gilbert Kreijger; Editing by Alison Birrane)


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