ctt-express

EU Approves CTT–DHL eCommerce Joint Venture

DHL eCommerce and CTT – Correios de Portugal have received unconditional approval from the European Commission for their planned joint venture, clearing a major regulatory hurdle and moving the deal closer to completion, the companies said. The approval under the EU Merger Regulation satisfies the primary external condition required for the transaction. The companies still need clearance under the EU Foreign Subsidies Regulation and completion of remaining procedural steps, with closing ... [+]