ComfortDelGro acquires Australian bus operator for A$110m

Singapore

COMFORTDELGRO Corporation announced on Tuesday that its wholly-owned subsidiary ComfortDelGro Corporation Australia has entered into an agreement to acquire all the issued shares of FCL Holdings for A$110 million (S$111.1 million).

As part of its expansion plans, it has also acquired depot land and bus assets totalling A$24.45 million separately.