Toll Group – A$0.025 operating margin? Nowhere near enough
Counting the cents
Japan Post Holdings Co Ltd has decided to sell its Australian logistics arm Toll Holdings Ltd, a media report said on Tuesday.
In 2015, Japan Post acquired Australia’s transport logistics firm Toll (…), making an ambitious bet to diversify overseas. But two years after the deal, it had to write down the bulk of Toll’s value only two years after the deal due to its weak performance.
Japanese business magazine Diamond reported that Japan Post had started sounding out brokerage firms ...