Deals and IPOs

EU set to clear FedEx, TNT deal unconditionally: Report


U.S. logistics company FedEx is set to gain unconditional EU antitrust approval for its 4.4-billion-euro ($5 billion) acquisition of Dutch peer TNT, two people familiar with the matter said on Tuesday.

A FedEx employee makes deliveries in New York City.
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European Commission spokesman Ricardo Cardoso declined to comment. FedEx has not received a charge sheet or so-called statement of objections listing out the regulator's problematic issues and was confident of closing the deal in the first half of 2016, a spokeswoman said.