TPG signs 6 yr deal to work with Correos de Chile on express delivery

TPG NV said it signed a six-year deal with Correos de Chile, the Chilean post office, to work on domestic and international express delivery.
The companies will offer services in Chile under shared brand names. The brand launch is scheduled for the fourth quarter of this year.
TPG said the main benefit is expanding its network in Chile to nationwide coverage from currently operations only in Santiago, Concepcion and Valparaiso.
Financial details were not released.