TNT and the French cargo transport operator Malherbe announced today that they have signed anagreement for the sale of the activities of Logistiques Ladoux, part of the activities of TNT’s
French subsidiary TNT Logistics Holdings SAS.This transaction, together with the sale of the majority of the contract logistics activitiesand part of the transportation activities to Norbert Dentressangle as announced on 1 December 2005,represent approximately 90% of the TNT Logistics France business unit.
TNT said that, as previously disclosed, the expected negative financial impact relating to thesale and refocus of the French Logistics business unit is to be up to 140 million euros pre-tax,and to be booked largely in 2005.
Neither the French Express business unit of TNT nor its French Freight Management businessare involved or impacted by this deal.
