This transaction, together with the sale of the majority of the contract logistics activities and part of the transportation activities to Norbert Dentressangle as announced on 1 December 2005, represent approximately 90% of the TNT Logistics France business unit.
As previously disclosed, the expected negative financial impact relating to the sale and refocus of the French Logistics business unit is to be up to EURO 140 million pre-tax, and to be booked largely in 2005.
Neither the French Express business unit of TNT nor its French Freight Management business are involved or impacted by this deal.
TNT N.V. is a global provider of mail, express and logistics services. The group employs over 161,000 people in 63 countries and serves over 200 countries. For 2004 the company reported sales of € 12.6 billion. TNT N.V. is publicly listed on the stock exchanges of Amsterdam, New York, London and Frankfurt.
