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Toll Holdings May Deliver Gains With Its Expansion Drive in Asia
By Andrew Harrison
Word Count: 894 | Companies Featured in This Article: Toll Holdings, Virgin Blue Holdings
MELBOURNE, Australia -- Australia's Toll Holdings is making a big push into Asia, and investors say the move is likely to pay off with strong gains by its shares over the next few years.
Toll, Australia's largest transport company by market capitalization, has spent A$7.4 billion (US$5.6 billion) on acquisitions during the past four months, giving it the country's largest port-freight handler, control of the nation's second-largest airline and a warehouse network from Japan to India to add to its existing road and rail-freight businesses.
The acquisitions have propelled it into fourth place by market capitalization among global providers of ...
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