AusRAIL, Market Sectors

Toll has invited six bidders for Pacific National

<p>Toll Holdings has invited six bidders to present offers for rail operator, Pacific National, chief executive Paul Little revealed this morning (Thursday, October 26) at the company’s annual general meeting.</p> <p>Mr Little would not reveal those bidders identities at this stage, only saying that it is a mix of overseas and local groups.</p> <p>There originally were 45 bids for the rail company and a decision on the successful tender was expected before Christmas, he said. </p> <p>The Australian Competition and Consumer Commission had been kept informed of developments, he said, as it would ultimately have to approve any deal.</p> <br />