AusRAIL, Market Sectors

Toll buys full share in Tranz Scenic

<p>Toll NZ has regained full ownership of long-distance passenger service Tranz Scenic.</p> <p>The company bought back the 50% stake that Tranz Rail sold to Australian rail enthusiasts Don Gibson and Gary McDonald in 2001.</p> <p>"Our assessment was that it made sound strategic and operational business sense to regain full ownership of Tranz Scenic," Tranz NZ CEO David Jackson said. </p> <br />