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SingPost to divest Australian business at $870m enterprise value
The Straits Times
|December 03, 2024
Singapore Post has entered into a share purchase agreement to divest its Australian business at an enterprise value of A$1 billion (S$870 million).
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The enterprise value translates into A$775.9 million in cash and generates an expected gain on disposal of about A$312.1 million, subject to adjustments determined at the time when the deal is completed.
The buyer is Pacific Equity Partners, an Australia-headquartered private equity fund.
The deal comes after a strategic review of SingPost's Australian business which explored options to enhance business value and shareholder value, said the group on Dec 2.
SingPost believes that proceeds from the proposed disposal will reinforce the group's liquidity and strengthen its balance sheet.
Cette histoire est tirée de l'édition December 03, 2024 de The Straits Times.
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