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Sparks commentary - Singapore Post

Industrials

Sparks - Singapore Post

More on this equity
Singapore Post (SGX: S08) – Disposal of Australian operations
Published by Andy Murphy

Following Singapore Post’s resilient H1 results in November, the company has announced that it has agreed to sell its Australian logistics business for an enterprise value of c A$1bn to a private equity investor. The disposal is likely to result in reporting a gain on disposal of more than S$300m. The proceeds are likely to be used to pay down debt and potentially pay a special dividend to shareholders.

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