Katie O'Brien
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Katie O'Brien in Senior Content Editor,

UPS to Invest More than 1 Billion in European Expansion

United Parcel Service (NYSE: UPS) will invest more than 1 billion euros to expand its European market, according to Reuters. However, no further information has been reported about the deal. 

"We will strongly expand our network in Germany and the rest of Europe," the UPS Germany chief Frank Sportolari said.