PostNL up after UPS Netherlands boss doesn't rule out takeover in interview

PostNL

17/07/2024 09:53

** Shares in PostNL  PTNL.AS  rise 3.2% after UPS's  UPS.N 
Netherlands boss told local paper De Telegraaf that the U.S.
group was not ruling out a takeover of the Dutch postal operator
    ** Michiel van Veen, managing director for UPS Benelux &
France, said the company was looking to expand its market share
across Netherlands and did not rule out a possible bid for
PostNL
    ** "We grow through acquisitions or on our own and don't
rule anything out," Van Veen told De Telegraaf
    ** Contacted by Reuters, PostNL and UPS were not immediately
available for comment
    ** "The interview holds a short term negative but also a
significant but more speculative positive for the (PostNL)
shares," says ING
    ** The shares are on track for their best day since June 10
if gains hold

 (Reporting by Dimitri Rhodes)
 ((Dimitri.Rhodes@thomsonreuters.com))