1.5 billion from sale of units

http://www.bloomberg.com/apps/news?pid=20601081&sid=aY3K6cj30TcI&refer=australia

Toll Holdings Expects at Least A$1.5 Billion From Sale of Units

July 4 (Bloomberg) -- Toll Holdings Ltd., Australia's biggest freight company, expects proceeds of at least A$1.5 billion ($1.1 billion) for units it's under regulatory orders to sell.

The company also said business at its Australian unit is strong, though rail freighter Pacific National may be hampered by poor grain shipments.

Melbourne-based Toll confirmed its forecasts for 2007 in a presentation to investors today.

This year Toll Chief Executive Officer Paul Little, 58, spent more than $5 billion winning a hostile bid for Patrick Corp. and buying Singapore's SembCorp Logistics Ltd.

The deals gave Toll half of Australia's ports, control of airline Virgin Blue and warehouses from Japan to India to add to his Australian road and rail freight business.