enarhyazzh-CNzh-TWcsdanlettlfifrkadeelhihuisiditjakolvmsnofaplptruskslessvthtrukviyi

.........-----

translate arrow

search image top2

IATA partner completes drone test flight programme
FARNBOROUGH, UK: July 17, 2018. Drone manufacturer...

Read more

Hactl becomes first to complete IATA SFOC
HONG KONG: July 17, 2018. Hong Kong Air Cargo Term...

Read more

Freightos and Lufthansa launch rate platform
LONDON: July 17, 2018. Lufthansa Cargo and Freight...

Read more

Antonov building on 2017 growth
LONDON: July 17, 2018. Having recorded an 81 perce...

Read more

Delta and Korean Air begin trans-Pacific cargo collaboration
ATLANTA: July 17, 2018. Delta Air Lines Cargo and ...

Read more

Southwest begins international cargo service to Mexico
HOUSTON, TX: July 16, 2018. Southwest Airlines Car...

Read more

Volga-Dnepr to order 34 new widebody freighters
FARNBOROUGH, UK: July 17, 2018. Volga-Dnepr Group ...

Read more

APL Logistics joins Blockchain in Transport Alliance
SINGAPORE, July 16, 2018. APL Logistics has joined...

Read more

IoT platform to monitor pharma shipments in flight
FARNBOROUGH, UK: July 16, 2018. AirBridgeCargo Air...

Read more

IATA partner completes drone test flight programme
Hactl becomes first to complete IATA SFOC
Freightos and Lufthansa launch rate platform
Antonov building on 2017 growth
Delta and Korean Air begin trans-Pacific cargo collaboration...
Southwest begins international cargo service to Mexico
Volga-Dnepr to order 34 new widebody freighters ...
APL Logistics joins Blockchain in Transport Alliance
IoT platform to monitor pharma shipments in flight...

Latest News

SWW JAL deal
20 Jul, 2018

JAL Cargo to use Silk Way for Japan-EU trade

in Air
BAKU, Azerbaijan: July 20, 2018. Following the signing of a new EU-Japan trade deal that…
V D Liege
19 Jul, 2018

Liege Airport adds Volga-Dnepr to Cainiao Network

in Air
FARNBOROUGH: July 17, 2018. Volga-Dnepr Group (VDG) and CargoLogicAir (CLA) have signed…
Airbus UAS
18 Jul, 2018

Airbus to determine drone delivery viability for medical supplies

in Humanitarian
FARNBOROUGH: July 18, 2018. Airbus and International SOS, a medical and security risk…
VTG tank wagons
18 Jul, 2018

Rail lessor VTG rejects Morgan Stanley bid

in Rail
HAMBURG: July 16, 2018. VTG Aktiengesellschaft, a European rail leasing and logistics…
Panalpina perishables
17 Jul, 2018

Another asset for Panalpina’s perishables network

in 3PL
BASEL: July 17, 2018. Panalpina has agreed to acquire a majority stake in…
Embraer Farnborough
16 Jul, 2018

Embraer’s market outlook to reach US$600 billion

in Air
FARNBOROUGH, UK: July 16, 2018. United Airlines has ordered 25 Embraer E175 jets at a…
comsa
13 Jul, 2018

SNCF acquires first private rail operator in Spain

in Rail
BARCELONA: July 13, 2018. SNCF Logistics is to acquire COMSA Rail Transport from Spanish…
Edmonton International Airport
12 Jul, 2018

Edmonton eyes Canada first with CEIV

in Air
EDMONTON, Canada: June 11, 2018. Edmonton International Airport is aiming to be the first…
Virgin Hyperloop Texas
11 Jul, 2018

Texas considers hyperloop route to Mexico

in News
DALLAS-FORT WORTH, TX: July 11, 2018. The Dallas-Fort Worth Regional Transportation…

PRESS RELEASE

February 18, 2015: The Board of Toll Holdings Limited (Toll) announced today that it has entered into a Scheme Implementation Deed (SID) with Japan Post Co. Ltd (Japan Post) under which it is proposed that Japan Post will acquire all of the Toll shares by way of a scheme of arrangement (Scheme). The transaction will deliver Toll shareholders $9.04 per share.

The cash payment of $9.04 per share represents a 49% premium to yesterday's closing price and a 53% premium to the three month volume weighted average price of Toll shares, an implied market capitalisation of $6,486 million and an implied enterprise value of $8,019 million.

Japan post says the total acquisition cost will be "around JPY620 billion".

toll groupThe proposed acquisition of Toll is an important step by Japan Post to become a leading global logistics player. Toll will be run as a division within Japan Post and will retain the Toll name.

Toll management will remain in place with CEO Brian Kruger reporting to Japan Post CEO Toru Takahashi.

Toll Chairman Ray Horsburgh said: "We are delighted to recommend to shareholders that Toll joins with Japan Post. Japan Post is one of the world's leading postal and logistics companies and Toll is the largest independent logistics group in the Asia Pacific. Together, this will be a very powerful combination and one of the world's top five logistics companies. We are proud that Toll is a great Australian success story, having grown from small local origins in 1888 to this outstanding outcome today for Toll shareholders and employees. Critically, it will enhance our service to existing and new customers."

Toll CEO Brian Kruger said: "The proposed combination is a reflection of the strategic value of our business and our strong footprint throughout the Asia Pacific region. It will deliver great opportunities for our staff, customers and strategic partners. The great Toll culture built on safety and operational excellence will work well alongside Japan Post's established values. I am delighted to have been invited to lead this powerful new division of Japan Post and look forward to working with the rest of the group."

President and CEO of Japan Post Toru Takahashi said: "We believe the combination of Japan Post and Toll will be a transformational transaction for both our companies and we are very pleased we have been able to reach agreement. In partnership with Toll we are starting a new chapter of looking outward and becoming a leading global player."

Mr Kruger added: "Toll has become an iconic Australian transport and logistics business with significant operations in Asia. We will be complementary to Japan Post, and closely aligned in our target markets. Combined we will have an expansive geographical footprint with Toll providing expertise in the global logistics and transport markets. Japan Post will bring extra capability, financial strength and significant scale to accelerate growth. Together we will offer an enhanced value proposition while delivering innovative, efficient and cost effective solutions to our customers." 

Japan_Post_acquisition_of_Toll_Group.pdf

Corporate News

- powered by Quickchilli.com -