Post office may acquire NZ courier
Australia Post has emerged as frontrunner to buy Ausdoc’s $NZ200million ($167.2 million) New Zealand courier and express freight business Freightways Express Ltd, in a move that would signal an Australasian expansion strategy by the postal giant.
Ausdoc, a document logistics group, announced on Tuesday that it was in exclusive negotiations to sell the New Zealand business as part of a break-up strategy.
Ausdoc said a binding sales agreement would be reached in the next fortnight.
