Fedex Moves to Buy TNT, Seeing Long-term Growth in Europe | Aviation International News

Fedex Moves to Buy TNT, Seeing Long-term Growth in Europe

Seeks to acquire package carrier TNT of The Netherlands for $4.8 billion

FedEx must divest the TNT Express aircraft fleet if it acquires the Dutch package delivery carrier. (Photo: TNT)

April 7, 2015

FedEx said that it has reached a conditional agreement to acquire package delivery company TNT Express of The Netherlands for $4.8 billion, a purchase that would give the U.S. company a much stronger presence in Europe. The proposed transaction calls for a divestment in TNT’s air carrier operations.

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