Deutsche Post CEO to start talks over Japanese govt’s mail company
Deutsche Post World Net AG is interested in Japan’s state-owned mail service Yubin, which the Japanese government is set to sell into private hands in 2007, Focus magazine said in a report to be published tomorrow, citing no sources.
The magazine said Deutsche Post’s chief executive Klaus Zumwinkel is traveling to Japan to initialise talks with Prime Minister Junichiro Koizumi at the beginning of next week. It also said Deutsche Post is already in talks with Yubin over a possible cooperation.
Deutsche Post;Deal of the day
The Times, p 39 01-17-2005
Deutsche Post, the German post office, was reported last night to be pursuing an interest in buying Yubin, the Japanese state post office business being put up for sale in 2007 by Japan’s Government. Klaus Zumwinkel, Deutsche Post’s chief executive, was about to travel to Tokyo to meet with Junichiro Koizumi, Japan’s Prime Minister, to open talks on a potential bid for at least part of the sprawling Japan Post empire.
