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Publicatie datum
16 dec 2008 - 16:18
Statutaire naam
PostNL N.V.
Titel
TNT announces interest to explore strategic partnership with Royal Mail
Bericht
Amsterdam, 16 December 2008 – TNT has today expressed its interest to explore a strategic partnership with Royal Mail. The publication of the Hooper Commission report today, which sets out a number of critical requirements for a sustainable future for Royal Mail, forms the background of TNT’s renewed expression of interest.
Peter Bakker, CEO of TNT, said: ‘’Royal Mail and TNT have explored partnership opportunities in the past. The views of the Hooper Commission provide a clear framework for the UK postal sector going forward. Assuming the UK government implements these recommendations, I think that exploring a strategic partnership with Royal Mail makes a lot of sense for both our companies.’’
Since the Secretary of State for Business announced a comprehensive review of the developments in the UK postal services market last year, TNT has been invited to actively share its views, just like other stakeholders. The emerging views of the Hooper Commission - that focus mainly on the sustainability of the USO and Royal Mail - form a clear frame of reference for the development of the postal sector in the UK. The Hooper Commission indicates the need for a strong strategic partnership for Royal Mail, the resolution of pension liabilities and development of a predictable and stable regulatory environment.
The objective of the partnership would be to help develop Royal Mail into a modern, best-in-class postal operator that combines excellent mail service with solid and sustainable financial performance as part of a broader global network. The scope of a potential partnership would exclude Post Office retail outlets given its public service network function.
TNT’s proposal
TNT’s proposal to Her Majesty’s Government is to enter into discussions on a strategic partnership with Royal Mail with the objective to reach agreement on key terms and conditions for a substantial minority shareholding. TNT’s proposal assumes the implementation of the key recommendations of the Hoope
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