Mr Geber, who was reported to have been mulling a bid for TNT over the weekend, is expected to make an announcement in the next couple of weeks as to his intentions for the firm. Newspaper reports on Sunday said Geber would prefer a friendly takeover but is prepared to resort to a hostile bid. TNT has a market value of E12 billion and is not officially for sale. However, its financial adviser, Goldman Sachs, is currently in the process of selling the company's underperforming logistics division. Mr Geber is a former chairman of Kuehne + Nagel, the Swiss freight and logistics company, which ranks as a member of the top four delivery businesses in the world. He first expressed an interest in buying the whole of TNT in November last year.