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SingPost to buy stake in Australia fourth-party logistics service firm for A$85m

The total consideration of A$85 million will be paid in two tranches and will be funded via SingPost's internal cash resources and external borrowings, it said.


POSTAL service provider Singapore Post (SingPost) is looking to buy a 38 per cent stake in Freight Management Holdings (FMH), a fourth-party logistics (4PL) service company incorporated in Victoria, Australia for A$85 million (S$84.1 million) in cash.

SingPost's wholly-...

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