Toll eyes purchase in Asia

Toll Holdings has signalled it may acquire an asset in Asia for as much as A$600 million.

Toll will announce the acquisition in a few months, managing director Paul Little said.

The company will seek an acquisition that has partnerships, particularly in China or India, where it's difficult to compete with local businesses.

Toll is an Australian-owned transport and logistics company. In New Zealand they operate the former Tranz Rail services, and snared a significant slice of the country's road distribution business with the purchase of Owens Group two years ago.