Brief: Quadient Renews JV In Japan With Yamato Transport

Quadient

31/07/2023 16:49

July 31 (Reuters) - Quadient SA  QDT.PA :
    * QUADIENT AND YAMATO TRANSPORT UNVEIL NEW JOINT VENTURE
AMBITIONS
TO EXPAND THEIR LEADERSHIP FOR JAPAN IN THE COMING YEARS
    * ANNOUNCES TODAY THE RENEWAL OF ITS PARCEL LOCKER JOINT
VENTURE
IN JAPAN  WITH YAMATO TRANSPORT.
    * CREATED IN 2016, THE JOINT VENTURE PACKCITY JAPAN IS BEING
RENEWED UNDER AN UNCHANGED OWNERSHIP WITH 51% OF IT BEING OWNED
BY QUADIENT AND 49% OWNED BY YAMATO TRANSPORT.
    * THE RENEWAL OF THE JOINT VENTURE SHOULD ALSO ENABLE
FURTHER
EXPANSION OF THE NETWORK WITH A STRATEGY TO INCREASE DENSITY IN 
SPECIFIC URBAN AREAS, WITH PRESENCE IN SOME OF THE BEST
LOCATIONS FOR CONSUMER TOUCHPOINTS, SUCH AS SUPERMARKETS, TRAIN 
STATIONS AND PHARMACIES.

Source text for Eikon:  ID:nGNE41Qb80 
Further company coverage:  QDT.PA 

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