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SingPost’s proposed A$1b sale of Australian business ‘on track’: buyer Pacific Equity Partners

by Sarkiya Ranen
in Technology
SingPost’s proposed Ab sale of Australian business ‘on track’: buyer Pacific Equity Partners
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THE proposed divestment by Singapore Post (SingPost) of its Australian logistics business is not affected by SingPost’s recent firing of its three senior executives, the buyer Pacific Equity Partners (PEP) told The Business Times on Tuesday (Dec 24).

The question of whether the transaction could be scuppered by the sacking that included group chief executive officer Vincent Phang has been raised since the announcement on their sudden exits.

A PEP spokesperson told BT in response to queries: “PEP can confirm that the proposed acquisition of Freight Management Holdings (FMH) is on track as announced on Dec 2.”

Copyright SPH Media. All rights reserved.



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Tags: A1bAustralianBusinessBuyerEquityPacificPartnersProposedSaleSingPostsTrack
Sarkiya Ranen

Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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