Dutch TNT to buy German Rheinkurier
TNT Post, the mail business of Dutch mail and logistics company TNT NV, will take over German sector firm Rheinkurier, TNT said on October 19, 2005.
According to TNT, after the takeover of Rheinkurier the company will become the second-largest mail delivery company in Cologne, western Germany, behind local post carrier Deutsche Post. Rheinkurier has 125 employees and services 1.0 million residents.
TNT also said it would open a branch in Hamburg, northern Germany, in November 2005, and announced plans for its network to cover the whole of the industrial Ruhr region in western Germany by early 2006. As a result of that and of the takeover of Rheinkurier the workforce of TNT Post will double to 1,745 employees in the first quarter of 2006.
www.fd.nl
Source: Het Financieele Dagblad
