SingPost to divest Australia business at A$1.02bn in enterprise value
- Written by PR Newswire Asia - Asian Spectator
- Australia business to be acquired by Pacific Equity Partners for A$775.9 million in cash
- Gain on disposal of approximately S$312.1 million
- Crystallises and unlocks value for shareholders
SINGAPORE, Dec. 2, 2024 /PRNewswire/ -- Singapore Post Limited ("SingPost") today announced that it has entered into a sale and purchase agreement with Pacific...