Australia's Toll to buy out Japan logistics firm

Published: 12 Oct 2009 17:30:18 PST

SYDNEY, Oct 13 - Toll Holdings , Australia's largest logistics group, is buying out Japanese express freight company Footwork Express for A$95 million ($86 million), the Australian firm said on Tuesday.

Toll said it was buying out the remaining 64 percent it does not already own of Footwork, a top-10 logistics firm in Japan. (Reporting by Mark Bendeich; Editing by Jonathan Standing)