Yahoo Indonesia

Written By Unknown on Rabu, 18 Februari 2015 | 12.07


Japan Post makes $5.07 billion bid for Australia's Toll


Japan Post flexed its muscles with a $5.07 billion takeover bid for Australia's Toll Holdings Wednesday in a move set to bolster its appeal ahead of what could be one of the world's biggest IPOs later this year. Under the proposal, the Melbourne-based transport logistics giant will be run as a division within Japan Post and retain the Toll name, with the company's chief executive Brian Kruger reporting to his counterpart Toru Takahashi. Toll has a global network spanning road, air, sea, and rail routes with significant operations in Asia, and Takahashi said it was a perfect fit for Japan Post as it looks to expand its international footprint. "We believe the combination of Japan Post and Toll will be a transformational transaction for both our companies and we are very pleased we have been able to reach agreement," he said.


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