(Reuters) – United Parcel Service Inc, the world’s No. 1 logistics company, on Thursday lost its court fight for a record 1.74-billion euro ($1.90 billion) compensation claim from EU antitrust regulators for blocking its 2013 bid for Dutch rival TNT.
The European Commission had stopped UPS’ planned 5.2-billion-euro acquisition of TNT because it had not offered enough remedies to allay concerns that the deal would hurt consumers.
($1 = 0.9142 euros)
(Reporting by Bart Meijer; editing by Jason Neely)