TNT sells Logistiques Ladoux; 90 pct of TNT Logistics France now sold
TNT NV said it has agreed to sell its Logistiques Ladoux business to French cargo transport operator Malherbe for an undisclosed amount. The disposal, together with the sale last month of TNT’s contract logistics activities and part of the transportation activities of its French subsidiary TNT Logistics Holdings to Norbert Dentressangle, represents about 90 pct of the TNT Logistics France unit. As previously announced, the expected negative financial impact relating to the sale and the refocus of the French logistics business will be up to 140 mln eur before tax, to be booked largely in 2005.
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