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Financial Times

TNT Express plan a matter of delivery

Lex is a premium daily commentary service from the Financial Times. It helps readers make better investment decisions by highlighting key emerging risks and opportunities.

Life alone can take some getting used to – especially when a warm embrace had seemed to be on offer. But needs must, so TNT Express is cracking on with its independent existence. Just two months after European antitrust officials blocked a proposed €5.2-billion ($6.8-billion) bid from U.S. delivery giant UPS, the Dutch group has a new chief executive officer and, as of Monday, a detailed business plan.