Published 5 days ago • loading... • Updated 5 days ago

SingPost shares jump 5% after it completes $845m sale of Australian logistics business

Summary by The Straits Times

Divestment generated an estimated gain of $289.5 million.

5 Articles

All

Left

Center

Right

The Straits Times

Lean Right

SingPost shares jump 5% after it completes $845m sale of Australian logistics business

Divestment generated an estimated gain of $289.5 million.

5 days ago·Singapore

Read Full Article

Post & Parcel

SingPost Completes Sale of FMH | Post & Parcel

Singapore Post Limited has announced the successful completion of the divestment of its Australian logistics business, Freight Management Holdings to Pacific Equity Partners. The sale, valued at an enterprise value of A$1.02 billion (approximately S$867.0 million), marks a significant milestone in SingPost’s Board-led Strategic Review to unlock value for its shareholders. The transaction follows overwhelming approval at the Extraordinary General…

5 days ago

Read Full Article

Parcel and Postal Technology International

SingPost makes $289.5m gain on completion of FMH sale

Singapore Post Limited (SingPost) has completed the sale of its Australian logistics business, Freight Management Holdings (FMH), providing the company with an estimated S$289.5m (US$216.3m) gain. The sale, which was valued at A$1.02bn (US$643m), was overwhelmingly approved at SingPost’s Extraordinary General Meeting on March 13, where 99% of shareholders voted in favor. The sale generated gross proceeds of A$781.5 (US$493.2m) and represents a r…

5 days ago

Read Full Article

globaltrailermag.com

PEP buys SingPost’s FMH Group - Global Trailer

Simon Slagter, Group CEO of FMH Group. Image: Echomakers.Private equity firm, Pacific Equity Partners (PEP), has announced that it has acquired diversified logistics conglomerate, Freight Management Holdings (FMH Group), from Singapore Post Limited (SingPost). The acquisition, which comes after the conditional sale and purchase agreement was completed on 27 March 2025, will accelerate PEP’s growth in the technology, business development and acqu…

5 days ago

Read Full Article

trailermag.com.au

Pacific Equity Partners acquires Singapore Post's FMH Group - Trailer Magazine

FMH Group CEO, Simon Slagter.Pacific Equity Partners (PEP) has acquired Freight Management Holdings from Singapore Post. The sale, valued at an enterprise value of $1.02 billion, marks a significant milestone in Singapore Post’s Board-led strategic review to unlock value for its shareholders. The transaction follows overwhelming approval at the Extraordinary General Meeting (EGM) held on 13 March where the resolution secured shareholders’ 99-pe…

5 days ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year