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TNT announces exercise of option right by Italian joint-venture partner
13 March 2006 - 12:18 CET
TNT N.V. announces that the minority shareholder in its Italian joint venture TNT Arvil, Ecotras S.R.L. of Milan, has given notice of the exercise of its option. Under this option Ecotras had the right to sell its 49% shareholding in TNT Arvil to TNT Logistics Holding Italy S.R.L.. After transfer of the shares TNT Logistics Holding Italy S.R.L. will hold all shares in TNT Arvil.
