Toll Holdings, Australia’s largest logistics services company, has acquired the remaining 49 per cent of Shenzhen-based ST-Anda Logistics it does not already own. It purchased the shares from China Merchants Group for an undisclosed sum.

As a wholly-owned subsidiary of Toll, St-Anda’s operations will now be integrated into those of Toll in China.

The acquisition remains subject to Chinese regulatory approvals, which are expected to take three to six months to obtain.