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PostNL shares surge after confirming merger talks with BPost

Reuters

LONDON (Reuters) - Shares in Dutch mail operator PostNL surged on Monday after the company and its bigger Belgian rival BPost confirmed on Sunday that they had held talks about a possible merger, although they had failed to agree terms.

PostNL shares were up by 7 percent at 4.11 by 0721 GMT, making them one of the top-performing stocks in Europe, while BPost's shares were down by 1.6 percent at 23.93 euros.

(Reporting by Sudip Kar-Gupta; Editing by Greg Mahlich)