ComfortDelGro to buy Australian bus business
A$191m acquisition of Buslink, Buslink Southern and their 11 corresponding depots is Singapore transport group's largest in Australia to date
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
COMFORTDELGRO on Monday said it is acquiring Buslink, one of Australia's largest privately owned bus businesses, for A$190.9 million (S$187 million), in what will be the group's largest acquisition in the country to date.
The acquisition of Buslink Pty Ltd, Buslink Southern Pty Ltd and their 11 corresponding depots, is significant on two fronts: It provides ComfortDelGro with immediate access to the Northern Territory and Queensland - both of which are uncharted territories for the group - and enables ComfortDelGro to grow its existing bus operations in New South Wales (NSW) and Victoria.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
