Japan Post will boost collaboration with TPG NV to find ways to hasten international deliveries and tracking mail and parcel deliveries on the Internet, Nikkei English News reported, without citing anyone. The two companies may also establish a joint venture, build a network for delivering cargo by air in Asia and share capital, Nikkei said.
Read MoreGerman state development bank Kreditanstalt fuer Wiederaufbau (KfW) said it is to issue in Japan a 5-year Uridashi bond exchangeable into shares of Deutsche Post AG, worth at least 500 mln eur. The exact size of the bond depends on demand, but is expected to raise at least 500 mln eur, equivalent to 2.3 pct of Deutsche Post’s share capital or 25.4 mln shares, the KfW said in a statement.
It is the first foreign currency exchangeable bond ever to be offered by a non-Japanese issuer in Japan.
Postal services privatization minister Heizo Takenaka said Friday he will visit Britain and the Netherlands from Sunday to hold talks with postal officials in the two European countries where postal services have been privatized. “In major European countries, the postal privatization process is going on, spurring competition,” Takenaka told a press conference after a Cabinet meeting. “I will meet with government leaders there and exchange opinions.” In Britain, the minister is scheduled to meet with Nigel Stapleton, chairman of Britain’s Postal Service Commission which is the independent regulator for postal services in the country. In the Netherlands, he will talk with Dutch Economic Affairs Minister Laurens Brinkhorst and Peter Bakker, chief executive officer of TPG N.V.
Read MoreThe government intends to enable the state-backed Japan Post to enter into international parcel delivery business before its planned privatization in April 2007, government sources said Wednesday. The plan will form the core of a set of six bills for privatizing postal services that the government will submit to a regular Diet session convening later this month, the sources told Kyodo News. Removing the current ban on Japan Post’s branching out into delivery services abroad is intended to improve its profitability and help facilitate the 10-year postal privatization process, which begins in April 2007, they said. Industry sources said, however, the move is sure to trigger broadsides from private parcel delivery firms wanting to expand their operations in China and other Asian countries.
Read MoreJapan Airlines Corp. and All Nippon Airways Co. made the same bids for Japan Post’s mail container service contracts in 115 rounds of open competitive tenders in last February, informed sources said Wednesday. This was “unusual,” said a source. But a JAL official denied the two carriers colluded to rig bids. Japan Post conducted 234 rounds of open tenders in last February for contracts in all of fiscal 2004, which started April 1. JAL and ANA, Japan’s two major air carriers, were invited to participate along with Skymark Airlines, a relative newcomer in the industry founded in 1996. JAL and ANA eventually participated in 143 rounds, including the 115 rounds in which they offered exactly same prices, the sources said.
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