According to a Reuters report today , Japan Post Holdings has confirmed it will book its first annual loss in at least a decade, after unveiling a $US3.6 billion ($4.7 billion) writedown on its Australian logistics arm Toll Holdings. Japan Post estimated its loss at 40 billion yen ($470 million) for the year ended in […]
Japan Post
Toll Group In 6.5 Billion Takeover by bid Japan Post
Japan Post has made a 6.5 Billion takeover bid for the Toll Group – Australia’s and Asia’s Pacific’s largest independent logistics group. Although the bid is subject to shareholder approval it is almost certain that it will be accepted. Toll Chairman Ray Horsburgh said: “We are delighted to recommend to shareholders that Toll joins with Japan […]