TNT N.V. Historical Press Releases
The general meeting of shareholders of Royal PTT Nederland NV (KPN) decided in an extraordinary meeting on 26 June in The Hague to split KPN up into a telecommunications business and a mail, express and logistics business. The demerger will be achieved by demerging the mail, express and logistics activities of KPN to TPG. The telecommunications business will henceforth be called Royal KPN NV.
Largest admission to listing in the Netherlands - a reality as of 29 June On Monday 29 June next at 9.30 a.m., Mr Ad Scheepbouwer, Chief Executive Officer of TPG, will open trading on the Amsterdam Stock Exchange by sounding the stock exchange gong. The gong stroke will mark the flotation of TNT Post Group and the company’s listing in the AEX index.
PTT Post has acquired a 22,5 percent share in the US company Mail2000, and is now a business partner in the company. Based in Washington DC, Mail2000 is a startup company that will operate in the US print and mail market. Mail2000 management projects that within three years they will acquire a substantial market share in the printing of first class mailings. In the agreement signed today, both parties have agreed that PTT Post will increase its interest to 45 percent within a year if the company grows as predicted.