SingPost Completes Sale of FMH, Unlocking S$289.5 Million Gain [Yahoo! Finance]
SINGAPORE POST UNSP/ADR (SPSTY)
NASDAQ:AMEX Investor Relations:
singpost.com/about-us/investor-centre/financial-results
Company Research
Source: Yahoo! Finance
Australian logistics business, Freight Management Holdings ("FMH") [2] to Pacific Equity Partners ("PEP"). 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 Meeting ("EGM") held on March 13, 2025 where the resolution secured shareholders' 99% vote in favor. The divestment, resulting from a highly competitive international bidding process, generated gross proceeds of approximately A$781.5 million S$664.2 million ) and an expected gain of S$289.5 million [1] for the Group. This reflects a levered return on equity of approximately 4 times the SingPost Group's A$93.6 million equity investment in FMH over the last 4 years. [1] Estimated gain is preliminary and will be confirmed following audit completion, with the final figure to be presented in SingPost's full ye
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