SingPost says that the sale has been carried out in two parts to separate buyers, the first has been sold to DP World Logistics FZE for around US$97.7 million ($125.5 million), while the other has been acquired by a consortium that includes some of Famous Holdings’ minority shareholders for about EUR35.7 million ($52.4 million)
Singapore Post (SingPost) has divested its entire freight forwarding business conducted through Famous Holdings Pte Ltd (FHPL) and Rotterdam Harbour Holding B.V. (RHH), for approximately $177.9 million.
This latest sale follows SingPost’s divestment of its Australia logistics business, Freight Management Holdings in March for A$1.02 billion.
