TNT sells stake in Redmail
TNT has signed an agreement to sell its 50% stake in Redmail to Styria Media Group. Redmail, a joint venture between the Styria Media Group AG and TNT Post, focuses on the regional delivery of newspapers in Austria and is part of the European Mail activities.
As announced, the European Mail activities will concentrate on Addressed Mail in the large countries where TNT Post has strong market positions: Germany, the UK and Italy.
In other geographies, the focus is on value realisation through partnerships or sale.
More to follow…
