Tag: TNT

TNT has received a large number of expressions of interest in its contract logistics business from both trade and financial parties, and may sell the unit ahead of schedule, according to people familiar with the process. When TNT announced the decision to divest in December, it said it expected to complete the sale in the second half of 2006. However the speed at which the process is moving suggests it may be finalised sooner, those people said. TNT wants to divest the business as one unit, without breaking it up, but a piecemeal sale is possible. However, while the latter course would be more complex, it is not considered an insurmountable obstacle. Alternatively, a buyer for the entire business might separately sell on some activities to a third party. The assets on offer comprise operations and warehouses in 40 countries on five continents, focused primarily on automotive, fast-moving consumer goods, publishing and hi-tech electronics sectors, with sales of Euros 3.4bn (Dollars 4bn), 27 per cent of the group total.