Singapore Post to divest Australia business for US$505 million

Quick Summary:

Singapore Post said on Monday (Dec 2) it is selling its Australian business, Freight Management Holdings, to private equity firm Pacific Equity Partners for a cash consideration of A$775.9 million (US$505.4 million).

The sale will generate an expected gain on disposal of S$312.1 million (US$233.

The Singapore Post sign at a post office in Singapore, on Nov 2, 2015.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustraliaIsrael

Topics: Australian Sale Experience Firm Singapore Million) Business Mediacorp Equity Post Million

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-02 @ 11:19:35 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 173 words

Reading Time: 1 minutes read

Sentences: 15 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 24025102

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 42 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

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News Language: English

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Publisher ID: #27

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