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SingPost to divest Australia business at A$1.02bn in enterprise value

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Freight Management Holdings

SingPost to divest Australia business at A$1.02bn in enterprise value

December 3, 2024 by PLA Editor

Singapore Post Limited announced that it has entered into a sale and purchase agreement with Pacific Equity Partners (“PEP”) for the sale of its Australia business, Freight Management Holdings Pty Ltd (“FMH”). PEP shall acquire the Australia business at an enterprise value of A$1.02 billion (approximately S$897.6 million), which translates into A$775.9 million (approximately S$682.81 million) in cash and generates an expected gain on disposal of approximately S$312.1 million, subject to … [Read more...] about SingPost to divest Australia business at A$1.02bn in enterprise value

Other Topics: air cargo network, air express, air freight services, air logistics, Asia Pacific air cargo, Asia Pacific air freight, Asia Pacific air logistics, Asia Pacific shipments, cargo flights, e-commerce logistics, express delivery, express logistics, Freight Management Holdings, international air shipments, international express delivery, Pacific Equity Partners, Singapore Post Limited, SingPost, transpacific air cargo, transpacific air freight

SingPost eyes stake in Australian 4PL to boost e-commerce push

October 19, 2020 by PLA Editor

Singapore Post (SingPost) is looking to purchase a 38 percent stake in Freight Management Holdings (FMH), a fourth-party logistics (4PL) service company based in Victoria, Australia, for US$62 million (A$85.0 million).  Its wholly-owned subsidiary SingPost Logistics Holdings on 16 October entered into a conditional sale and purchase agreement with the existing shareholders of FMH, as well as share subscription agreement with the Australian 4PL for the stake purchase, according to a bourse … [Read more...] about SingPost eyes stake in Australian 4PL to boost e-commerce push

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, Asia Pacific, cargo aviation, e-commerce logistics, Freight Management Holdings, SingPost

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