Japan Post moves closer to Toll takeover

The New Zealand Overseas Investment Office raised no objections to Japan Post's takeover of Toll Holdings.

The New Zealand Overseas Investment Office has allowed Japan Post's takeover of Toll Holdings. (AAP)

Japan Post is a step closer to its $6.5 billion takeover of Australian logistics company Toll Holdings after the New Zealand Overseas Investment Office raised no objections to the deal.

"We have now received and satisfied all regulatory conditions," Toll managing director Brian Kruger said.

Toll shareholders will vote on the takeover on May 13, with the Supreme Court of Victoria slated to consider the deal a day later.