Business
Bidders galore: Japan Post’s Toll nightmare attracts bargain hunters – The Australian Financial Review
Nothing’s been simple for Japan Post at Toll – so it’s fitting that its partial exit should also prove extremely complex.
While it’s good to have heaps of interested parties, it’s created a headache for Japan Post, Toll management and others involved in the sale. Dealing with all the parties is a logistical nightmare, even for a logistics specialist.
Big biters
Bidders for the whole lot include Australia’s Anchorage Capital Group and Allegro Funds who are probably the country’s best-known turnaround investors. The messier the situation, the more these two get interested.
Both are understood to be keen to refine Toll’s…
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