SingPost in ‘exclusive’ talks with third-party for Australia business sale

The company emphasised that there is still no certainty of a sale.

Singapore Post Limited (SingPost) has announced that it is currently in exclusive discussions with a third party for a potential sale of its Australia business.

On 21 June, SingPost appointed Lynch Markets Australia Pty Limited as a financial advisor to the Board to formulate optionalities for the group’s Australia business specifically.

SingPost emphasised that discussions are ongoing, no definitive transaction in relation to the Australia business, including any possible sale, has been entered into by the company with any party, and there is still no certainty that any such transaction will materialise.

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