AFR: Australia’s Allegro set to buy Toll Global Express; Macquarie on ticket

The Australian Financial Review (AFR) reports:

Private equity firm Allegro Funds is in the box seat to acquire Toll Group’s Australian freight and freight forwarding arm, Toll Global Express.

Toll owner Japan Post received two offers for the Global Express unit a fortnight ago, and was expected to nominate one bidder for a final round of exclusive talks on Tuesday.

As first reported by this column on Tuesday, Allegro Funds is the preferred party having edged in front of rival acquirer, ...