TPG says ‘preliminary’ talks continuing with Japan Post over possible alliance
Japan’s state postal service plans and Dutch post and logistics group TPG are holding preliminary talks about a possible future alliance, a spokeswoman for TPG Post said.
Earlier yesterday media in Japan reported that TPG executives have been holding talks with Japan Post since Tuesday on details of the alliance, expected to focus on international express services.
In the Netherlands TPG Post spokeswoman Daphne Andriessen would only confirm that the two parties had agreed last year to hold preliminary talks on the possibility of a future alliance.
‘We are holding exploratory talks and these talks are currently continuing,’ she told Agence France-Presse.
No official was immediately available at Japan Post to confirm the reports.
Japanese media reported that the two companies signed an agreement late last year to aim for a ‘strategic alliance to become leading players in the express and logistics market in Asia.’
They added Japan Post, due to be privatised in April 2007, wants to boost its presence in the international express business, particularly in Asia, through the alliance with TPG.
