TNT takes note of European Commission’s decision to enter Phase II review of proposed acquisition by FedEx

31st July 2015

TNT takes note of the European Commission's decision to initiate a Phase II review of FedEx's proposed acquisition of TNT.

The Phase II review is part of the European Commission's customary investigation process.

As indicated in April 2015, FedEx and TNT expect the transaction to close in the first half of 2016.

TNT looks forward to the success of the intended acquisition. The company will continue to cooperate with FedEx and the European Commission with a view to a positive outcome.

Once approved, the joining of FedEx and TNT will create benefits for all stakeholders. It is intended to provide customers access to a considerably enhanced, integrated global network, combining TNT's strong European capabilities and FedEx's strength in other regions globally, including North America and Asia. TNT’s customers would also benefit from access to the FedEx portfolio of solutions, including global air express, freight forwarding, contract logistics and surface transportation capabilities.

During the transaction approval process, TNT remains focused on executing its Outlook transformation and turnaround strategy, in line with the objectives set out during the company's Capital Markets Day on 18 February 2015. More specifically, TNT remains committed to delivering an outstanding customer experience.


About TNT
TNT is one of the world’s largest express delivery companies. On a daily basis, TNT delivers close to one million consignments ranging from documents and parcels to palletised freight. The company operates road and air transportation networks in Europe, the Middle East and Africa, Asia-Pacific and the Americas. TNT made €6.7 billion in revenue in 2014.


Contact information:

MEDIA

Cyrille Gibot
M: +31 (0)65 113 3104
E: cyrille.gibot@tnt.com
INVESTORS

Gerard Wichers
P: +31 (0)88 393 9500
E: gerard.wichers@tnt.com