TNT's Bakker sees co gaining 15 pct market share in German mail business

TNT NV chief executive Peter Bakker said he expects his company to gain 15 pct market share in Germany within four to five years of 2008, when the country’s mail business is being liberalized, according to an interview in Welt am Sonntag newspaper.

‘If the market is really opened up in 2008, I believe that we will have 15 pct four or five years later,’ he said.

He said TNT believes that Deutsche Post World Net AG will have to give up up to 40 pct of its local mail business to competitors once Germany’s mail industry is liberalized.