Portugal state postal firm to sign deal with TNT

Portugal state postal firm to sign deal with TNT
LISBON, March 23 (Reuters) – State postal company CTT-Correios de Portugal has agreed a strategic partnership with the Dutch TNT Post Group NV (NYSE:TP – news) covering courier services and urgent mail, industry sources said on Friday.

Officials at both TNT and CTT declined to comment but the sources said the accord would be signed in Lisbon on Tuesday.

“TNT will become the international strategic partner that CTT was looking for,” said one of the sources.

CTT broke off alliance talks with French state postal company La Poste in February.