Following a strategic review of the global Toll business, the Toll Board today announces it intends to explore a potential sale of the Toll Global Express business.
Toll’s Global Logistics and Global Forwarding businesses are not impacted by today’s announcement.
While this process is underway, Toll Group business units remain focused on servicing customers and implementing the company’s strategy to improve business performance.
J.P. Morgan and Nomura have been appointed as financial advisors to manage the sale process.
There is no certainty that a transaction will occur. Further announcements will be made as appropriate.
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About Toll Group
With over 130 years’ experience, Toll Group, proudly part of Japan Post, operates an extensive global logistics network across 1,200 locations in more than 50 countries. Our 44,000 employees provide a diverse range of transport and logistics solutions covering road, air, sea and rail to help our customers meet their global supply chain needs. www.tollgroup.com.