‘UPS ready to make €10bn bid for TNT’

US parcel delivery group UPS is planning to make a €10bn offer for Dutch postal group TNT, UK newspaper The Sunday Telegraph reported at the weekend.

The paper, which did not quote sources, said UPS has made an informal approach to TNT and that the two companies are in ‘early-stage talks’ on a tie-up.
Last week the Financieele Dagblad reported that CVC Capital and FedEx want to make a takeover bid for the company and traders were speculating a bid was imminent.
The Telegraph said FedEx is ‘understood’ to be interested in TNT’s parcel division but is ‘less keen’ on its postal operations.

Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation