Mail and logistics group TPG is moving into e-fulfilment with a new dedicated £58 million e-commerce division.
It has announced that it is creating a venture group as the driving force behind its e-business strategy.
A spokesman said: "A TPG Venture Group will be set up to provide the funding and support to enable our business divisions to develop e-revenue initiatives either from new opportunities or from traditional business."
He confirmed that up to £58m (euro 100m) will be put into the venture.
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