Print
TNT's Extraordinary General Meeting of Shareholders approves sale of logistics division
29 September 2006 - 11:44 CET
TNT N.V. today announced that the Extraordinary General Meeting of Shareholders (EGM) has approved the sale of the Logistics division to Louis No. 3 Limited, a company formed and managed by Apollo Management VI, L.P. Completion of the transaction is expected in the fourth quarter of 2006. Furthermore, the EGM adopted the proposed reduction of the issued capital through cancellation of 570,297 ordinary shares. This follows the company's aim to further simplify its capital structure.
