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TNT intends acquisition in Asia

TNT

TNT plans to expand its network in asia.In an interview with german newspaper “Wirtschaftswoche”Peter Bakker (CEO TNT N.V.) said that –in contrast to the position of DHL- he does not see

potential for his company in the US Express market which is dominated by UPS and FedEx. Instead TNTNV. plans to expand its network in asia by the acquisition of a shipping company. TNT seems to beparticulary interested in taking over GLS Holding, a subsidiary of Royal Mail PLC.

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