• DHL eCommerce and CTT said the European Commission unconditionally approved their planned joint venture under the EU Merger Regulation.
• The companies said the transaction is expected to close in May 2026, subject to clearance under the EU Foreign Subsidies Regulation and other conditions.
• The partnership includes CTT Expresso acquiring DHL eCommerce’s Portugal operations, and CTT taking a 25% stake in DHL eCommerce Spain.
• DHL eCommerce will acquire a 25% stake in CTT Expresso, with options for both sides to increase their holdings up to 49%.
• The companies said the agreement is expected to generate EUR 1 billion in combined revenues and support a network capacity of more than 1 million shipments per day.

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