DEUTSCHE POST, AEI RECEIVE U.S. REGULATORY APPROVALS

DEUTSCHE POST, AEI RECEIVE U.S. REGULATORY APPROVALS

   Deutsche Post AG, the expansion-minded German postal service and logistics group, has received all U.S. regulatory approvals for the $1.14-billion takeover of Air Express International Corp.
   The acquisition was approved under the Exon-Florio Statute and under U.S. Department of Transportation regulations. The DOT has approved AEI’s application to register as a foreign air freight forwarder under section 721 of the Defense Production Act, commonly known as the Exon-Florio Statute.
   Deutsche Post and AEI had earlier announced that the transaction had also been cleared under the Hart-Scott-Rodino antitrust procedure.
   Deutsche Post and AEI are still awaiting clearance from the European Commission for the acquisition.
   A spokesman for Deutsche Post said that the company hopes to obtain the clearance from the EC by early February.