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TNT denies bidding for Royal Mail but insists it remains interested

DUTCH mail company TNT yesterday said it had not yet made a bid for Royal Mail, but said it was interested in the company and would consult shareholders if it does make an offer.<br /><br />Private equity group CVC Partners is thought to have offered just under &pound;2bn for a 30 per cent stake in state-owned Royal Mail &ndash; a higher bid than a rival offer from TNT but below the government&rsquo;s original target.<br /><br />But TNT spokesman Ernst Moeksis said: &ldquo;That is not correct. We have a strict obligation to inform our shareholders up front if we are going to make a bid. That&rsquo;s what we will do -- if we are to make a bid we will first seek approval from shareholders.&rdquo;<br /><br />Moeksis added talks with the government remained ongoing.