The latest 10% acquisition of shares, through wholly-owned subsidiary SingPost Australia Investments Pty Ltd, came from FMH non-management shareholders and Degenhardt shareholders.
Singapore Post (SingPost) (SGX:S08
) has acquired an additional 10% interest in Australian services provider Freight Management Holdings (FMH) for A$62.8 million ($55.3 million).
This brings SingPost’s total stake in FMH to 98%, up from 88% previously. SingPost first acquired a 28% stake in FMH in December 2020 before upping its stake to 51% in November 2021. The company’s 37% acquisition in January took its stake to 88%.
