News
Japan Post Holdings has announced that its Australian logistics subsidiary Toll intends to explore a potential sale of Toll Global Express.
While this process is underway, Toll Group business units remain focused on servicing customers and implementing the company's strategy to improve business performance.
J.P. Morgan and Nomura have been appointed as financial advisors to manage the sale process.
Toll Global Express suffered an operating loss of around AU$100 million in the fiscal year ended March 31, 2020 on revenue of AU$2,969 million and again AU$101 million on revenue of AU$587 million in the first quarter of FY2021 (Apr - June, 2020).
