TNT sells German unaddressed mail unit
TNT has signed an agreement to sell, with immediate effect, its German unaddressed mail business (TNT Direktwerbung) to its current management team. TNT Direktwerbung, a part of TNT Post Germany, is an unaddressed mail delivery operator, with a nationwide coverage and facilities in Berlin, Bleicherode, Magdeburg, Löhne, Hamburg, Rostock, Chemnitz and Holzgerlingen. It employs about 300 people.
The sale of TNT Direktwerbung is in line with TNT’s strategy to manage its European Mail Networks business (EMN) for value realisation through partnerships and sale, as announced during the company’s Analyst Meeting on 3 December 2009.
TNT Post Germany will continue to focus on the addressed letter business and to explore partnership opportunities.
