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Japan Post considers sale of Australian logistics business

Toll weighed down by domestic delivery and international forwarding losses

Japan post
Japan Post looks to sell off parts of Australian logistics company Toll. Japan Post acquired Toll Holdings in 2015.

TOKYO -- Japan Post Holdings has started discussions to sell off businesses of an Australian logistics company that it acquired in 2015 for 620 billion yen ($5.8 billion) as it sought to globalize its operations, Nikkei has learned.

Two years after the acquisition, Japan Post was forced to write off more than 400 billion yen of the acquisition costs due to sluggish sales.

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