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Article: Hint at sale of Pacific National.
- Article from:
- Australasian Business Intelligence
- Article date:
- October 3, 2005
CopyrightCOPYRIGHT 2005 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Oct 03, 2005 (The Mercury - ABIX via COMTEX) -- Patrick is closer to starting a disputeresolution process that could result in the
sale of its rail joint venture. TheAustralian transport and logistics group isthe subject of a $A4.6bn hostile takeover bidfrom Toll, which is its joint venture partner in Pacific National. The two companies arein dispute about how to resolve adisagreement over a freight arrangement between Pacific National and Toll subsidiaryToll North. The Supreme Court of Victoriahas determined the first steps required for the dispute resolution process to begin havebeen ...