The cotangent bundle of a matched pair Lie group, and its trivialization, are shown to be a matched pair Lie group. The explicit matched pair decomposition on the trivialized bundle is presented. On the trivialized space, the canonical symplectic two-form and the canonical Poisson bracket are explicitly written. Various symplectic and Poisson reductions are perfomed. The Lie-Poisson bracket is derived. As an example, Lie-Poisson equations on sl(2, C) * are obtained.