The Competition Commission of India has approved the acquisition of certain equity stake in Logisteed Holdings, Ltd. (Target) by Japan Post Co., Ltd. (Acquirer).

The Proposed Combination involves the acquisition of a 19.9% equity stake with 14.9% voting rights in the Target by the Acquirer from HTSK Investment L.P.

The Acquirer is a Japanese company, and is globally engaged in postal operations, sales of documentary stamps, logistics business, real estate business, international cargo transport, bank and insurance agency services, etc.

The Target is a special-purpose investment holding company incorporated in Japan. The Target, through its affiliates, is globally engaged in the business of, inter alia, third-party logistics/contract logistics, heavy machinery transportation, and freight forwarding.

Detailed order of the Commission will follow.

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NB/ONP

(रिलीज़ आईडी: 2204822) आगंतुक पटल : 194