Brief: Singapore Post Says Appointed BofA Securities As Financial Advisor For Strategic Review

Singapore Post

17/07/2023 11:30

July 17 (Reuters) - Singapore Post Ltd  SPOS.SI :
    * APPOINTS BOFA SECURITIES AS FINANCIAL ADVISOR FOR
STRATEGIC
REVIEW
    * APPOINTED MERRILL LYNCH (SINGAPORE) PTE. LTD. AS ITS
EXCLUSIVE
FINANCIAL ADVISOR IN CONNECTION WITH STRATEGIC REVIEW
    * INITIATED A STRATEGIC REVIEW OF GROUP'S PORTFOLIO OF
BUSINESSES
    * REVIEW WILL FOCUS ON TRANSITIONING GROUP TO A LOGISTICS
BUSINESS
OVER TIME
    * REVIEW COULD LEAD TO POSSIBLE DIVESTMENTS AND CAPITAL
RECYCLING
TO SUPPORT FURTHER INVESTMENTS IN LOGISTICS

Source text for Eikon:  ID:nSN1Tjzrp 
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 ((Reuters.Briefs@thomsonreuters.com;))