BALtrans to become wholly owned subsidiary of Toll Group

Acceptances for Toll’s takeover offer of BALtrans Holdings has now exceeded 95% of the issued share capital, resulting in Toll achieving a the right to compulsorily acquire all remaining BALtrans shares and fully integrate BALtrans with its existing operations.

Toll’s managing director Paul Little said the successful takeover of BALtrans was key to Toll’s global freight forwarding strategy.
Toll intends to delist BALtrans following the acquisition of the remaining shares, to make BALtrans a wholly owned subsidiary of Toll once the current offers close.

“Toll’s priority now is to work with the management team on an aggressive growth strategy for the global freight forwarding business,” said Little.

“Detailed integration planning can now commence, and we are very excited by the opportunities identified for future growth of the combined business,” he added.