PostNL earns €507m selling TNT Express shares
Post delivery company PostNL has earned €507m by selling half its stake in express parcel company TNT Express to institutional investors.
PostNL will use the cash to reduce its debts. It still retains a 15% stake in the delivery company.
PostNL acquired a 30% stake in TNT Express two years ago when the former TNT was divided into two companies.
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