TNT Post buys 25.1 pct stake in Citipost Osnabrueck

TNT NV’s TNT Post said it agreed to buy a 25.1 pct stake in regional letter distribution company CPO CITIPOST Osnabruck GmbH & Co. KG.

No financial details were disclosed.

TNT Post said the stake provides it with access to more than 320,000 households in and around Osnabruck, a city in Germany’s northwest.

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