According ot LloydsLoadingList.com, details have emerged of the package of concessions submitted by UPS to the European Commission (EC) at the end of last month in a bid to secure the go-ahead for its EUR5.2 billion merger with TNT Express. In response to the EC’s anti-trust concerns, the US package delivery giant has offered to sell TNT subsidiaries in 12 European countries and agreed to shed assets in a further three. Eastern Europe is the main focus of the sell-off and the concessions are thought to exclude units in the UK, France, Italy and Spain. The EC has also insist that a crucial factor in its decision will be the credibility of the asset buyer and whether it is acquiring a viable express delivery business – a prequisite being owning or having access to an air network – that is strong enough to maintain competition levels. Apparently, the most straightforward solution for closing the deal would be UPS agreeing to sell the assets to FedEx.