TNT vendra sa division logistique à Apollo Management
TNT vendra sa division logistique à Apollo Management TNT a annoncé ce mercredi la vente de sa division logistique, pour 1,48 milliard d'euros, à une société d'investissement américaine, Apollo Management. Communiqué de TNT : TNT reaches agreement to sell its logistics division to Apollo Management, L.P. - Following completion TNT will launch a share buy back program of up to ? 1 billion 23 August 2006 Amsterdam, TNT N.V. announces that it has today signed a Sale and Purchase Agreement to sell its logistics division to affiliates of Apollo Management, L.P., a leading private equity firm with offices in New York, London and Los Angeles. The intended sale is part of TNT?s Focus strategy in which the company announced on December 6th last year that it would focus on its core competency of managing delivery networks. The total transaction value is ? 1,480 million on a cash and debt free basis, of which ? 15 million will be received in the form of a 5% equity stake in th