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

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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.

Singapore

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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