Australia’s Toll Group has added further weight to its Asian expansion ambitions with key deals in India and China.
Toll has reached agreement to acquire an initial equity stake of 40% in India’s BIC Logistics, with the expectation of moving to majority ownership over the next two years. BIC provides road, rail and air transport services stretching across India, utilising an extensive fleet of modern companyowned road vehicles and operating at more than 80 offices and sites....
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This complete item is approximately 300 words in length, and appeared in the May 2009 issue of WorldCargo News, on page 18.
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