Almunia Gets Tough as EU Prepares to Block UPS’s TNT Bid

Almunia Gets Tough as EU Prepares to Block UPS’s TNT Bid

John Schaffer/Hollandse Hoogte/Redux

Almunia also points to statistics that minimize the EU’s record of blocking mergers. Regulators have blocked only 22 deals out of 4,600 reviews, he said last month.