Acquisition of Toll’s share in Toll dnata Airport Services in Australia
dnata and Toll Group have reached an agreement that will see dnata acquire Toll's 50 per cent share in Toll dnata.
Thursday, November 27, 2014 —
This transaction is subject to approval by the Foreign Investment Review Board (FIRB). Approval is expected within two months and the acquisition is expected to be completed by 31 January 2015.
Once regulatory approvals are obtained, dnata will have 100% ownership and control of this business, which will be renamed and rebranded accordingly.
This decision reflects dnata’s ambition to grow their presence in the Asia Pacific region. dnata remains committed to delivering exceptional customer service to their customers in Australia.