TNT agrees to sell Logistiques Ladoux
Dutch mail and global logistics provider TNT has agreed to sell Logistiques Ladoux, part of it’s French subsidiary TNT Logistics Holdings SAS, to French cargo transport operator Malherbe for an undisclosed amount.
Neither TNT’s French Express business unit nor its French freight management business is included in the deal.
The sale of Logistiques Ladoux and the previously announced sale of the majority of the contract logistics activities and part of the transportation activities to Norbert Dentressangle, represents about 90 percent of the TNT Logistics France business unit.
TNT said it expects the sale and refocus of its French logistics business unit to have a negative pre-tax financial impact of up to euros 140 million ($166 million).
In December, TNT said it plans to sell off its logistics unit TNT Logistics to focus on its mail, express and freight management sectors.
TNT agrees to sell Logistiques Ladoux
