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Business deals

Japan Post to sell part of Australia's Toll, booking $624m loss

Deal will unload unprofitable domestic segment of logistics group

Japan Post aims to restructure its international strategy by selling off unprofitable parts of Toll Holdings.

TOKYO -- Japan Post Holdings said on Wednesday that it will unload part of Australian logistics company Toll Holdings to an Australian investment fund for 7.8 million Australian dollars ($6 million), absorbing a massive loss in the deal.

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