News / No takers so TNT withdraws sale offer as Brazilian operations take positive turn

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TNT Express has cancelled the sale of its Brazilian operation, TNT Mercurio, after it failed to find a buyer who could meet its terms.

The business has been up for sale since last March, when the troubled express operator was restructuring its business. It then announced that, in the meantime, it would attempt to turn the business around to make it attractive for sale – a feat it appears to have managed.

“It is not profitable,” a spokesman told The Loadstar, “but ...