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TNT Italian partner sells minority stake

TNT

TNT has announced that the minority shareholder in its Italian joint venture TNT Arvil, EcotrasS.R.L. of Milan, has given notice of the exercise of its option.

Under this option Ecotras had the right to sell its 49% shareholding in TNT Arvil to TNTLogistics Holding Italy S.R.L.. After transfer of the shares TNT Logistics Holding Italy S.R.L.will hold all shares in TNT Arvil.

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