SINGAPORE, 22 July 2025 – Singapore Post Limited (SingPost) today announced the divestment of its entire freight forwarding business conducted through Famous Holdings Pte Ltd (FHPL) and Rotterdam Harbour Holding B.V. (RHH), for approximately S$177.9 million1. The divestment has been completed and results in an estimated gain of S$10.5 million on disposal and release of about S$104.0 million in cash for the company.
The sale has been carried out in two parts to separate buyers. One part has been sold to DP World Logistics FZE for around US$97.7 million (S$125.5 million)1, while the other has been acquired by a consortium that includes some of Famous Holdings’ minority shareholders for about €35.7 million (S$52.4 million)1.