Australia Post acquisition Road Star express approval

Australia Post acquisition of Qantas ( Qantas ) holds the Road Star Express 50% company has recently received the Australian Competition and Consumer Commission approved. Prior to this, Australia Post Road Star Express has held 50% of the shares, and in 2003 with Qantas jointly set up a joint venture company.
According to the two sides signed agreement in October this year, Australia Post at the same time to Qantas sold its stake in the Australian Air Express Company ( AaE ) 50% of the shares. After the completion of the acquisition, Australia Post Road Star Express became the sole shareholder, AaE company has also become a wholly owned subsidiary of qantas.
Australia Post had a $2000000000 plan to transform the national logistics and retail network, acquired star purchased express is the main component of the strategy. Road Star Express effectively supplement the Australia Post International, domestic parcel service. In addition, Australia Post and Road Star Express will be for individual customers and all kinds of enterprises to provide more diversified services.
MYEX Fujian Asia International Express
2012-12-05