Woman lining up to break

There is growing speculation among my banking and trade sources that the global restructuring of Australia’s Toll Group might lead to the separation of certain “non-core assets” from the rump of the company’s portfolio, although the company has denied this.

As we pointed out in the previous Market Insight commentary on Monday – which extensively covered the global restructuring currently under way at Toll – a trade sale of the whole or just some Toll parts (much harder to execute, as ...

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