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BN 12/06 08:13 *POSTNL TO HAVE 80.4M TNT SHRS AFTER COMPLETION OF TRANSACTION BFW 12/06 08:12 *POSTNL SELLS TNT SHARES FOR EU6.20 APIECE BN 12/06 08:11 *POSTNL SELLS 81.7M TNT EXPRESS SHARES FOR EU6.20 APIECE BN 12/06 08:10 *POSTNL SELLS TNT SHARES FOR EU6.20 APIECE BN 12/06 08:10 *POSTNL RAISES EU507M WITH TNT STAKE SALE
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PostNL Sells 81.7m TNT Shares for EU6.20 Apiece 2013-12-06 08:16:36.297 GMT
By Gaurav Panchal Dec. 6 (Bloomberg) -- Raises EU507m gross from sale of part of its stake in TNT Express. * Proceeds to be used to strengthen PostNL’s balance sheet via a reduction of outstanding debt * Following completion, PostNL’s remaining stake will be ~14.8% of TNT Express’ outstanding share capital * Deutsche Bank, Goldman Sachs joint bookrunners, ING, Rabobank co-lead managers. * BofA Merrill Lynch financial advisor to PostNL * Earlier: TNT Express shares said to be offered at EU6.15- EU6.20 {NSN MXDJH46TTDSL <go>} * Dec. 5: PostNL plans to sell stake of ~15% in TNT {NSN MXCEN36TTDSD <go>} * TNT trades 4.1% lower at EU6.34
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To contact the editor responsible for this story: Gaurav Panchal at +44-20-7392-0511 or gpanchal2@bloomberg.net