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TPG wins Fiat logistics business

AMSTERDAM, May 16 (Reuters) - Dutch mail, express and logistics company TPG NV said on Friday its TNT division has won a contract from auto maker Fiat to transport components to its Italian plants.

TPG, which operates under brand names TNT and Royal TPG Post, said it had won the contract with its joint venture partner Avril. It expected the joint venture to generate around 250 million euros revenue a year from the Fiat deal.