TNT announces that the minority shareholder in its Italian joint venture TNT Arvil, Ecotras SRL of Milan, has given notice of the exercise of its option. Under this option Ecotras had the right to sell its 49% shareholding in TNT Arvil to TNT Logistics Holding Italy SRL. After transfer of the shares TNT Logistics Holding Italy SRL will hold all shares in TNT Arvil.
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