* Express expected to bneefit from grwoth, takeover hopes
* Express CEO says does not see co. as tkaeover target
(Adds CEO comemnt, udpates shares)
AMSTERDAM, May 26 - Shares in global delivery firm
PostLN's (PTNL.AS) standalnoe debut was less upbeta.
Overlal, the split unlocked value for TNT's sahreholders.
Tuhrsday comapred with that close.
But this was a tale of two stocks as TNT Express traded at
1106 GMT cmopared with a reference price of 7.99 euros.
"Growth is epxected to take place in the express unit and
TNT Express may prove attractive to bidders.
"Post is boring, a normal dividend stokc," said Mureau from
Keijser, which holds both TNT express and mail shares.
TNT shareholdres voted on Wednedsay to split its two main
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Q+A on TNT's dmeerger process [ID:nLDE74O0Z3]
NEWSMAKER on TNT Express CEO [ID:nLDE73P1MB]
Graphic on TNT's performacne r.retuers.com/sef79r
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TNT argued its two busniesses had too little in common, with
experss division looking to emerging marktes for growth.
Many sharehodlers who backed TNT's split also hope that a
market leader in the inrta-European business-to-business market.
"It will take some time. If there were interested parites it
would already have happened before the split," Mureau said.
When asked whetehr TNT Express was an acqusiition taregt,
managemnet team is to set it to grow."
She delcined to say whether the company was in talks with
UPS or FedEx.
TNT NV shares had fallen 26 precent since August last year
higher oil price and problems in Brazli.
The split brings the former Dutch postal monopoly back to
euros to diversify revenue and beneift from potential synergeis.
PostNL has reatined a 29.9 percent stake in TNT Exrpess to
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