SingPost in exclusive talks for a possible sale of its Australia business Singapore News

📆 27/11/2024 17:30:00
📰 IndependentSG

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Singapore Post said that it is in “exclusive discussions” with a possible buyer for its Australian business as part of a review of its operations that began in June.

According to Singapore Business Review, on June 21, SingPost brought in Lynch Markets Australia Pty Limited as a financial advisor to help the Board evaluate different options for its Australian operations.According to analysts, selling some of SingPost’s Australia-based subsidiaries, along with divesting SingPost Centre and other properties, could raise significant funds that might be used to reduce the company’s debt.

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