ANA Group Delivery Firms To Merge

Simon C. Pitt2009-06-260 views

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TOKYO (Nikkei)–Overseas Courier Service Co. said Friday that it will acquire All Express Corp., another All Nippon Airways Co. group international parcel delivery firm, on Aug. 1.

OCS aims to cut costs by merging overlapping operations and seeks to expand sales and delivery networks.

ANA held a 34.5% stake and Nikkei Inc. had a 27.2% interest in OCS as of the end of March. Meanwhile, ANA owned 54% of All Express, and Nippon Express Co. and Kintetsu World Express Inc. each held stakes of 22%.

ANA will continue to be the largest shareholder in OCS after the merger and Nikkei is expected to remain the No. 2 stockholder.

(The Nikkei June 27 morning edition)

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A professional, highly motivated commercial manager, with a passion for, and extensive knowledge of the international airline, travel and tourism industry. Able to demonstrate a proven track record of leadership and achievement in attaining commercial objectives, developing and executing, marketing and sales, strategies and plans, implementing change, and working across cultures. Possesses a detailed knowledge of Japan and Asia-Pacific markets.

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