LOGISTICS – AUSTRALIA

Toll rivals say JP sale poses sovereign risk

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Original article by Jenny Wiggins
The Australian Financial Review – Page: 13 & 18 : 23-Feb-15

One Global Logistics MD James Sparke has warned of potential sovereign risk issues associated with government-owned Japan Post’s takeover bid for Toll Holdings. Meanwhile, Toll CEO Brian Kruger does not expect any of the group’s customers to enforce the "change of control" provisions of their contracts if the $A6.5bn takeover bid proceeds. The deal requires approval from the Foreign Investment Review Board

CORPORATES
TOLL HOLDINGS LIMITED – ASX TOL, JAPAN POST, ONE GLOBAL LOGISTICS PTY LTD, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, AUSTRALIAN DEFENCE FORCE, UNITED STATES NAVY, CHEVRON CORPORATION, ORICA LIMITED – ASX ORI, BARRICK GOLD CORPORATION, WOOLWORTHS LIMITED – ASX WOW, NIKE INCORPORATED, OFFICE DEPOT INCORPORATED, FISHER AND PAYKEL APPLIANCES HOLDINGS LIMITED, AUSTRALIA. DEPT OF THE TREASURY, ARCHER DANIELS MIDLAND COMPANY, GRAINCORP LIMITED – ASX GNC, HUAWEI TECHNOLOGIES COMPANY LIMITED, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA POST, STAR TRACK EXPRESS PTY LTD, LINCOLN INDICATORS PTY LTD

Japan Post pays up big for Toll

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Original article by Jenny Wiggins, Sarah Thompson
The Australian Financial Review – Page: 1 & 14 : 19-Feb-15

Directors of Australian-listed logistics group Toll Holdings and analysts have backed a takeover bid by Japan Post. The offer of $A9.04 per share values the deal at $A6.5bn, and data from Dealogic shows that it will be Japan’s biggest investment in Australia. Japan Post will be the world’s fifth-largest logistics group if the deal proceeds. Toll shares closed 47 per cent higher at $A8.95 on 18 February 2015. Toll expects the deal to be approved by regulators

CORPORATES
TOLL HOLDINGS LIMITED – ASX TOL, JAPAN POST, DEALOGIC (AUSTRALIA) PTY LTD, CIMB SECURITIES INTERNATIONAL (AUSTRALIA) PTY LTD, DEUTSCHE POST AG, UNITED STATES POSTAL SERVICE, UNITED PARCEL SERVICE INCORPORATED, FEDERAL EXPRESS CORPORATION, DB SCHENKER AG, LA POSTE, KUEHNE & NAGEL INTERNATIONAL AG, JAPAN OIL GAS AND METALS NATIONAL CORPORATION, CHEVRON CORPORATION, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD

Boss faces insolvent trading probe after transport company collapse

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Original article by Nick Toscano
The Age – Page: 8 : 8-Dec-14

BRI Ferrier has been appointed the liquidator of collapsed freight and warehousing company Gregorys Transport. Its outstanding liabilities are estimated at $A10m, and it has failed to pay the superannuation contributions of 85 staff for a year. Owner Greg Westaway, also an ex-president of the St Kilda club in the Australian Football League, may be charged with trading while insolvent. Among the clients of Gregorys were Coca-Cola Amatil, Schweppes and Bluescope Steel

CORPORATES
GREGORYS TRANSPORT PTY LTD, BRI FERRIER PTY LTD, ST KILDA FOOTBALL CLUB, AUSTRALIAN FOOTBALL LEAGUE, COCA-COLA AMATIL LIMITED – ASX CCL, SCHWEPPES AUSTRALIA PTY LTD, ASAHI BREWERIES LIMITED, BLUESCOPE STEEL LIMITED – ASX BSL, FERRIER HODGSON AND COMPANY

Brambles invests $556m in UK firm

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Original article by Richard Gluyas
The Australian – Page: 26 : 10-Sep-14

Australian-listed logistics group Brambles has increased its presence in the UK with the acquisition of Ferguson Group for Stg320m ($A556m). Ferguson specialises in the supply of shipping containers to the offshore oil and gas sector, and boasted revenue of Stg56m and EBITDA of Stg30m in 2013. The acquisition will be funded entirely via debt

CORPORATES
BRAMBLES LIMITED – ASX BXB, FERGUSON GROUP LIMITED