AFR: Logistics takes Toll at Japan Post, bankers called in

The Australian Financial Review reports:
Japan Post’s getting ready to bite the bullet at Australian transport logistics group Toll Holdings.
Less than five years after paying $8 billion for Toll, and following steep writedowns on its investment, Street Talk can reveal the former state-owned logistics and financial giant has called in bankers to pitch potential salvage plans for Toll including a sale.
Toll Holdings, which is owned by Japan Post, has been slashing costs …

The post AFR: Logistics takes Toll at Japan Post, bankers called in appeared first on The Loadstar.

Source: The Loadstar

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