Deutsche Post shows interest in Japanese postal service

German postal service Deutsche Post is showing an interest in its Japanese counterpart Yubin which is set for privatization in 2007, a report to appear Monday said.

Focus weekly news magazine said Deutsche Post chief executive Klaus Zumwinkel is heading for talks this week with Japanese Prime Minister Junichiro Koizumi.

According to the report, Zumwinkel will be expressing Deutsche Post’s interest and outlining Germany’s experience with privatization. Deutsche Post is also negotiating a possible cooperation agreement with Yubin.

Last week, Zumwinkel said Deutsche Post would this year continue its strategy of expanding internationally in preparation for the loss of a monopoly on mail delivery at the end of 2007.