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PART 5
INFORMATION FOR THE CCS PUBLIC REGISTER
(TO BE COMPLETED BY THE APPLICANT(S))
The Applicants
(a) United Parcel Service, Inc.; and
(b) TNT Express N.V.
Description of the merger
The proposed transaction involves the acquisition by United Parcel Service, Inc. (“UPS”) of 100 percent of the outstanding share capital in TNT Express N.V. (“TNT”) through a public takeover offer under Dutch law (the “Proposed Transaction”). UPS believes that the merger will not infringe the section 54 prohibition because it will not lead to a substantial lessening of competition within any market in Singapore. This is because the market for the supply of logistics services is extremely competitive and is characterised by countervailing buyer power. Additionally, TNT believes that the Proposed Transaction will allow the complementary strengths of both organisations to create a more efficient customer-focused global platform by realising significant synergies through economies of density and scope that will improve connectivity and service levels to the benefit of customers.
Relevant good(s) or service(s) involved
The relevant service is the provision of overall logistics service which consists of three segments: (i) small package, (ii) freight, further segmented into cargo and freight forwarding and (iii) contract logistics.
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