Tag: TNT Logistics

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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Swiss Panalpina not interested in Dutch TNT Logistics Division

Swiss logistics company Panalpina Welttransport (Holding) AG is not interested in the takeover of the Logistics division of Dutch mail and logisticscompany TNT NV, Panalpina spokesman Martin Spohn said on December 14, 2005. We are not considering such large acquisition, which is not in line with our strategy to take over small specialised companies, Spohn added. TNT announced its intention to divest the Logistics division earlier in December 2005. The division generates an annual revenue of 3.4 bln euro (USD3.977 bln). Swiss logistics company Kuehne & Nagel International has recently said, a large acquisition was improbable in the near future because the company was engaged with the integration of a large acquisition in France.

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Industry awaits TNT’s logistics sell-off

The decision of TNT to put a ‘for sale’ sign on the majority of its worldwide logistics activities has prompted a series of questions from industry observers and analysts.

Much of the speculation revolves around the identity of likely potential buyers and whether the logistics business will be sold as one entity or hived off in pieces to several purchasers.

There are also questions about the timing of the move by the Netherlands-based mail, express and logistics group, and the reasons behind it.

Announcing its decision largely to withdraw from logistics during next year, TNT stated last week that a strategic review of its businesses had concluded that the group’s strength lay in designing, implementing and running de- livery networks in the mail, express and freight management sectors.

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TNT receives binding offer and Management Buy-Out offers for majority of activities of its French logistics business unit

TNT NV announced today that it has received a binding offer from French logistics and transport company Norbert Dentressangle to purchase from its French logistics subsidiaries TNT Logistics Holdings SAS and TNT Logistics France SARL the majority of the contract logistics activities and part of the transportation activities. Additionally, Management Buy-Out offers have been received for most of the remainder of the transportation business of the French Logistics business unit. TNT Logistics France SARL has invited the Works Councils of the involved French companies to meet in the next weeks to inform and to consult them about these offers. TNT NV announced on 29 July 2005 that it estimated the total loss relating to the sale and refocus of the French Logistics business unit to be up to EURO 140 million pre-tax, to be booked largely in 2005, and reiterates this guidance on the basis of these offers. At this moment no further details about the offers can be disclosed.

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Dutch TNT Logistics eyes up to 25 Pct growth in Brazil

TNT Logistics, a unit of Dutch mail, express and logistics company TNT, plans to grow by between 20 pct and 25 pct in the next five years in Brazil, according to the company’s global chief of marketing and business development, Pierre Girardin. According to Girardin, Brazilian companies need to invest in technology to reduce their spending on logistics. Brazilian companies spent an average between 10 pct and 12 pct of the gross domestic product (GDP) on logistics, compared with between 8.0 pct and 10 pct of GDP in the United States and Europe.

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