TOKYO -- Japan Post plans to invest 142.2 billion yen ($949 million) to purchase a 14.9% stake by voting rights in Japanese logistics company Logisteed from American investment group KKR, looking for a path to expand operations as its postal business struggles.
Business deals
Japan Post to buy into KKR-owned Logisteed for $950m
Investment part of push to expand logistics network amid losses in postal business
Japan Post is looking to bolster its presence in warehouses and intercompany logistics. (Photo by Wataru Ito)
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