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SingPost shares rise after $845m sale of Aussie logistics business
The Straits Times
|March 29, 2025
Singapore Post (SingPost) has completed the divestment of its Australian logistics business, Freight Management Holdings (FMH), for A$1 billion (S$845 million).
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The business was acquired by Australia-headquartered private equity investment firm Pacific Equity Partners.
The divestment generated gross proceeds of about A$781.5 million—a notch higher than the previously expected A$775.9 million—and an estimated gain of $289.5 million. This reflects a levered return on equity of around four times SingPost's A$93.6 million equity investment in FMH over the last four years, said the group in a bourse filing on March 27.
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