Herna Verhagen, CEO of PostNL: "The transaction between UPS and TNT Express would have maximised the value of our stake in TNT Express. If upon a formal decision of the European Commission, the acquisition of TNT Express is not pursued, we expect that we will monetise the stake over the medium term to create better value for shareholders, after we have seen stability return to TNT Express."
As a major shareholder of TNT Express, PostNL will fill in this role in the best interests of PostNL and our shareholders. In the meantime, we will continue our daily business as planned, including the reorganisation in Mail Netherlands and the rollout of the new logistics infrastructure in Parcels.
PostNL is the inventive partner in the world of sending and receiving. We have been so for 200 years already. We are primarily active in the fields of mail, parcels and e-commerce, but we also offer services in the areas of data and document management, direct marketing and fulfilment. Outside the Netherlands, we are active in Germany, the United Kingdom, Italy, Belgium and Luxemburg. PostNL employs a total of more than 59,000 people. In 2013 our revenues reached € 4.3 billion.
We like to stay ahead of things. We are the most modern postal company in the world. We are proud of that. As the first listed postal company, we are an example to the rest of the world in automatic letter sorting. And our innovative parcels network is completely adapted to the wishes of web retailers.