Sunday 23rd Oct 2016 - Logistics Manager

TNT sells Belgian mail business

TNT has signed an agreement to sell its mail business in Belgium, De Belgische Distributiedienst, and its unaddressed mail business in Italy, RSM Italia, to management and NPM Capital, a private equity firm.

De Belgische Distributiedienst handles the distribution of unaddressed mail and daily newspapers next to providing database management services. In 2009, sales were £83m (100m euros).

The parcels activities of TNT Post Pakketservice in Belgium are not included in the sale.

RSM Italia produced sales of £32m (38m euros) in 2009. TNT Post Italy will continue with the addressed mail business and the mailroom activities.

TNT announced in the framework of its “Vision 2015” strategy that it would concentrate its European mail activities on addressed mail in the large countries where TNT Post has strong market positions: Germany, the UK and Italy. In other geographies, the focus is on value realisation through partnerships or sale.