It is understood Allegro was tapped as preferred buyer on Tuesday after an auction run by JPMorgan.
Should Allegro and Japan Post agree a deal as expected in coming days, it would see Japan Post offload nearly half of Toll Group and mark a significant retreat from what was a $6.5 billion investment made less than six years ago.
Bank of America and Goldman Sachs has knocked together a select group of fund managers to sink their teeth into the country’s third biggest pathology play Australian Clinical Labs.
