Japan Post eyes expansion in Asia after A$6.5b Toll acquisition

Tokyo

JAPAN Post Holdings Co, which acquired Australia's Toll Holdings Ltd last year, will consider more takeovers and tie-ups as part of a plan to expand across Asia, the company's new president said.

Japan Post needs to strengthen its foothold in the region to serve Japanese corporations in those markets, a strategy that will help the Tokyo-based company become more international, president and chief executive officer Kunio Yokoyama said on Tuesday. The A$6.5 billion (S$6.56 billion) takeover of Toll was the biggest by a Japanese company of an Australian firm.