Dutch TNT Express seeks buyers for Brazilian and Chinese operations

Netherlands-based TNT Express NV (AMS:TNT) is looking at divestment opportunities for its operations in Brazil and China, the express delivery company’s interim CEO Bernard Bot said in a financial results statement on Monday.

The executive noted that the outcome for the Chinese activities will soon be determined.

The company reported a fourth-quarter net loss of EUR148m (USD197.5m) a few weeks after the European Commission (EC) banned the USD7bn (EUR5.2bn) tie-up with US package delivery group United Parcel Service Inc (NYSE:UPS).

Bot stressed there are many positive options through which the company may bolster its profitability. A full update will be made on 25 March 2013, he added.