Comment / M&A radar: Toll Global Express deal done – not a A$1 sale but near...

… enough to our estimates, folks, to uncork the champagne!

Well done, anyway, finding a buyer wasn’t easy.

First take: given the latest news (as expected) today – “Toll announces sale of Global Express business” – and related background it was always expected in the past 24 hours to be a sale worth somewhere less than A$10m – yes, millions.

For an asset generating about A$3bn of revenues. Yes, billions.

Toll Group wouldn’t comment on the size of the transaction, which includes some debt taken ...