Dutch regulator ACM blocks proposed postal services merger


Reuters | The Hague | Updated: 05-09-2019 11:02 IST | Created: 05-09-2019 10:58 IST
Dutch regulator ACM blocks proposed postal services merger
Image Credit: The Blue Diamond Gallery
  • Country:
  • Netherlands

The Dutch market regulator on Thursday said it would not allow the acquisition by postal service company PostNL of its main rival Sandd because it would create a monopoly.

The Netherlands' Authority for Consumers and Markets said that after careful consideration it "will not provide a license" for the acquisition, proposed in February.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Give Feedback