Skip to content
Subscriber Only

PostNL Is Asked for Dividend Plan After $2.1 Billion Sale Fails

PostNL NV is being asked to reveal plans to restore its dividend and raise its share price after losing out on 1.54 billion euros ($2.1 billion) as United Parcel Service Inc. scrapped a takeover of TNT Express NV this month.

PostNL, a Dutch mail service with operations in the U.K., Germany and Italy, would have obtained the cash for its 29.8 percent of TNT, potentially allowing the Amsterdam-based company to cut debt and pay a dividend.