
In just a few days, two Japanese logistics companies have made acquisitions for billions in Asia, which could cause difficulties for the European and American companies in Asia.
On Wednesday, Japan Post Holdings announced that it would be taking over the Australian logistics company Toll Holdings for USD 5.1 billion. The announcement came just one day after the Japanese air-cargo carrier Kintetsu World Express announced that the company would be buying APL Logistics out of the Singapore-based container carrier Neptune Orient Lines for USD 1.2 billion.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app