TNT Germany Sells Mail Unit, Teams Up With German Publishers

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AMSTERDAM -(Dow Jones)- Dutch mail and express group TNT said Wednesday it has sold its German un-addressed mail unit Direktwerbung, and that it will team up with three German publishers for mail distribution activities.

MAIN FACTS:

-TNT has signed an agreement to sell, with immediate effect, its German unaddressed mail business, TNT Direktwerbung, to its current management team.

-TNT doesn't give financial details.

-TNT Direktwerbung, a part of TNT Post Germany, is an unaddressed mail delivery operator, with a nationwide coverage and facilities in Berlin, Bleicherode, Magdeburg, Löhne, Hamburg, Rostock, Chemnitz and Holzgerlingen. It employs about 300 people.

-In a separate statement, TNT said that TNT Post Holding Deutschland GmbH has signed an agreement with Verlagsgruppe Georg von Holtzbrinck GmbH & Co. KG, CITIPOST-Verbund-GmbH and Logistic-Mail-Factory (a company of Mediengruppe Pressedruck, Augsburg) to establish a "mail alliance" in Germany.

-With this new alliance, TNT Post aims to strengthen the existing cooperation with the mail distribution companies of German publishers. The alliance will be operational as of 25 January 2010.

- By Amsterdam Bureau, Dow Jones Newswires; amsterdam@dowjones.com