TNT group finish express business spin-off plan

The Dutch international express group recently in Amsterdam announced that TNT spin-off sell express business plan has officially on last Wednesday by the conference by shareholders, TNT Courier in Amsterdam stock exchange listing already. The spin-off action or touched Europe express market appears more favorable thoroughly reforming, because two fedex and ups big American express group of a takeover bid, TNT, in order to expand stakes in Europe and other emerging countries market share.

TNT finally in last year announced that its mail and spin-off in express business, shareholders officially through Wednesday after splitting the sell express business, two business will separate operations. TNT Courier in Amsterdam on Thursday began independent pan-european exchange in New York, and the original TNT NV listing will renamed PostNL NV, will continue to trade in the stock exchange, and in nearly 10 years of TNT, chief executive of baker also immediately novr1976election.

After PostNL split still retain TNT Courier, the equity, the former shareholders 29.9 per cent per share can be obtained by 1 unit TNT Courier common stock. In addition to PostNL board accepted the individual buyer's proposed takeover, otherwise, it will continue to hold this batch of equity at least 6 months.

In split before completion, TNT group is Europe's second-biggest international postal and express group, the market share after Germany postal service. But in recent years, TNT been critical of group management shareholders not completely play the potential value of the express business that should express business earnings less mail from away, so as to improve itself, or with other yields for strategic cooperation.