PostNL Elaborates On Use Of Gain From TNT Express Stake Sale
March 22 2012 - 11:22AM
Dow Jones News
PostNL NV (PNL.AE) said Thursday how to use the EUR1.5 billion
proceeds from selling its 29.9% stake in TNT Express (TNTE.AE) to
UPS Inc. (UPS).
MAIN FACTS:
- PostNL will reduce debt according to its financial policy.
- PostNL will restore a cash dividend according to its dividend
policy.
- PostNL will invest in further portfolio extension.
- PostNL will de-risking pensions and, or distributing excess
cash to shareholders according to its dividend policy.
- By Amsterdam Bureau, Dow Jones Newswires;
amsterdam@dowjones.com
PostNL NV (EU:PNL)
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