Press Releases (archive)

28 August 2006 at 08:20 CET
TNT confirms position on net proceeds at completion from sale of logistics activities
Amsterdam, In reaction to press coverage, TNT confirms the expected net proceeds of the announced sale of its logistics activities to lie between € 1.2 billion and € 1.3 billion at completion. A further description on the basis of what has been stated and explained on announcement is summarised below:


28 August 2006 at 18:00 CET
Announcement Extraordinary General Meeting of Shareholders
Amsterdam, With reference to the press release dated 23 August 2006 about the agreement reached with Apollo Management, L.P. about the sale of the Logistics division,


23 August 2006 at 13:45 CET
TNT reaches agreement to sell its logistics division to Apollo Management, L.P.
Amsterdam, TNT N.V. announces that it has today signed a Sale and Purchase Agreement to sell its logistics division to affiliates of Apollo Management, L.P., a leading private equity firm with offices in New York, London and Los Angeles. The intended sale is part of TNT's Focus strategy in which the company announced on December 6th last year that it would focus on its core competency of managing delivery networks. The total transaction value is € 1,480 million on a cash and debt free basis, of which € 15 million will be received in the form of a 5% equity stake in the new company. TNT intends to return most of the net proceeds, which are estimated at between € 1.2 billion and € 1.3 billion, to its shareholders by way of a share repurchase program with a value of up to € 1 billion. The share repurchase program is expected to commence as soon as possible after completion.


23 August 2006 at 09:15 CET
TNT N.V. expects to reach an agreement shortly about the sale of the Logistics division.
TNT N.V. expects to reach an agreement shortly about the sale of the Logistics division. Further announcements will follow, if and when appropriate.