Independent journal on economy and transport policy
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They continue the negotiations for the takeover of UPS on TNT Express
Rejected a first offer of the value of 4,9 billion euros
February 20, 2012
It continues the attempt of the group express American of deliveries UPS (United Parcel Service) to buy the European competitor TNT Express after the surveillance council and board of directors of this last one has rejected a proposal of acquisition of the entire capital of TNT Express at the price of nine euro for each common stock, for total 4,9 billion euros, been left over from UPS. Communicating the respingimento of the offer, TNT Express in fact has confirmed the prosecuzione of the negotiations.
At the beginning last year the express activity of deliveries of Dutch group TNT is scorporata by the postal activity, than now PostNL is called NV ( on 2 December 2010).
In the first nine months of the 2011 UPS group it has totaled a profit clearly of 2,99 billion dollars and an operating profit of 4,74 billion dollars on revenues for 38,94 billion dollars, with increments respective of 26.2%, 16.8% and 7.8% on the correspondent period of 2010.
In the period January-september last year TNT Express has recorded a net loss of 98 million euros on revenues for 5,37 billion euros respect to a profit clearly of 65 million euros on revenues for 5,22 billion euros in the first nine months of 2010. The operating result has been negative for a million euro respect to a profit of 156 million euros in the period January-september of 2010.
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It continues the attempt of the group express American of deliveries UPS (United Parcel Service) to buy the European competitor TNT Express after the surveillance council and board of directors of this last one has rejected a proposal of acquisition of the entire capital of TNT Express at the price of nine euro for each common stock, for total 4,9 billion euros, been left over from UPS. Communicating the respingimento of the offer, TNT Express in fact has confirmed the prosecuzione of the negotiations.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
