AusRAIL, Market Sectors

Toll takes over BALtrans

<p>Hong Kong freight forwarder BALtrans will become a part of Toll’s global freight forwarding strategy by mid April.</p> <p>The Toll takeover of BALtrans closed on Friday (February 29) with more than 99% of acceptances being received.</p> <p>Toll’s managing director Paul Little said BALtrans was a well regarded global freight forwarder with a strong Asian base.</p> <p>&#8220We look forward to the integration progressing &#8211 BALtrans helps Toll build its global reach and to become a significant player in the global freight forwarding sector," Mr Little said.</p> <p>BALtrans shares were suspended on the Stock Exchange of Hong Kong yesterday morning until delisting. The completion of compulsory acquisition of the remaining shares not held by Toll will follow delisting.</p> <br />