Bidders galore: Japan Post's Toll nightmare attracts bargain hunters
Bidders galore: Japan Post's Toll nightmare attracts bargain hunters Save Share Nothing's been simple for Japan Post at Toll - so it's fitting that its partial exit should also prove extremely complex. Japan Post is trying to sell Toll's global express unit, which accounts for 41 per cent of Toll Group's revenue or $3.2 billion and includes express parcel delivery, domestic freight-forwarding and its New Zealand business. Toll's Global Express unit has 151 depots, 39 plans, 3496 trailers, 884 prime movers, 5847 vans and motorbikes, 8151 containers and 2 ships, according to a pitch to potentia...
Source: afr.com