Reich predicts TNT sale flop

Dirk Reich of Kuehne & Nagel has predicted that TNT will fail to sell its Logistics division as a whole.

There is little interest from trade buyers; investment sponsors are showing high levels of interest at present but they won’t, in the end, meet TNT’s price expectations, he says.

TNT will then be forced to sell off the parts in pieces, with value depending on the speed of the process. Reich said that he thought there was a done deal between TNT and UPS, especially after the disposal of the French operations; but that was before TNT Logistics was advertised for sale.

Reich said K&N would be interested only in elements in the Far East and in South America and he ruled out buying the strong UK or Italy units.