TNT sells Belgian mail activities and Italian unaddressed mail activities
TNT has signed an agreement to sell De Belgische Distributiedienst in Belgium and RSM Italia in Italy to private equity company, NPM Capital. The parcels activities of TNT Post Pakketservice in Belgium are not included in the sale. Subject to approval of the national competition authorities of Belgium and Italy, completion of the transaction is expected in the first quarter of 2011. According to the framework of TNT’s Vision 2015 strategy, the company will concentrate its European mail activities on addressed mail in the large countries where TNT Post has strong market positions, i.e. Germany, the UK and Italy. In other regions, the focus is on value realisation through partnerships or sale. De Belgische Distributiedienst has a leading position in Belgium’s unaddressed mail market, posting revenues of €100 million in 2009. RSM Italia generated revenues of €38 million in 2009. TNT Post Italy will continue with the addressed mail business and the mailroom activities. Quelle: eyefortransport |