Australia's Toll says advice suggests Japan Post takeover will be cleared

Reuters

Tue, Feb 17, 2015, 11:08 PM

SYDNEY (Reuters) - Australia's Toll Holdings <TOL.AX> said it expects a A$6.5 billion ($5.07 billion) takeover by Japan Post Holdings Co Ltd <IPO-JAPP.T> to be cleared by the country's foreign investment regulator.

"Our legal advice is not to expect any FIRB problems," Toll Chairman Ray Horsburgh told reporters, referring to Australia's Foreign Investment Review Board.

Toll said its board has recommended Japan Post's offer.

($1 = 1.2809 Australian dollars)

(Reporting by Byron Kaye; Editing by Stephen Coates)

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Australia's Toll says advice suggests Japan Post takeover will be cleared

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