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BRIEF-TNT Express terminates discussions with potential bidder for Brazil unit
January 30, 2014 / 7:25 AM / 4 years ago

BRIEF-TNT Express terminates discussions with potential bidder for Brazil unit

AMSTERDAM, Jan 30 (Reuters) - TNT Express NV : * Decides to retain its domestic Brazil business * Has terminated discussions with potential bidders for its domestic operations in Brazil (TNT mercurio). * Turnaround measures have led Brazil unit to generate new revenues and sharply reduced losses. * Domestic Brazil will be managed as a separate business unit within co * In 4Q13, performance continued to improve in line with the 3Q13 year-to-date trend. * Says domestic Brazil will no longer be reported as a discontinued operation

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