On the wires: DSV drops to new low but sell-side unfazed. Deal coming?
Who should have said
Nikkei Asia reports:
Japan Post Holdings will sell off a part of Australian logistics company Toll Holdings to an Australian investment fund for around 1 billion yen ($9.2 million), Nikkei has learned, absorbing a massive loss in the deal.
The sale of Toll Holdings’ logistics and delivery operations in Australia and New Zealand to Allegro Funds will mean that Japan Post will assume billions of dollars worth of debt and that it will have to mark an extraordinary loss of ...