Year: 2001

National Mail, New Zealand, to sell off assets

National Mail directors have accepted the inevitable and are dismantling the dormant New Zealand company.
Chairman Richard Flower told about 20 shareholders at a low-key annual meeting that efforts to find a buyer for the company as a going concern had failed, but two overseas parties were interested in some of the company’s assets, which could be worth NZ$1 million.

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Collapse brings new intent for CTT Correios

After its intentions of a deal with La Poste fell through last year the Portugese postal service is to look to set up a partnership with TPG. The two posts have signed a letter of intent to explore a potential long-term strategic alliance, which will focus on domestic and international express delivery service both within and from Portugal.

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