SingPost unit buys 80% of FPS Rotterdam for $9.2m

Mainboard-listed Singapore Post (SingPost) announced that its subsidiary, Famous Holdings Pte Ltd, has acquired 80 per cent stake in Rotterdam Harbour Holding BV (FPS Rotterdam), for 8.4 million Euros ($9.2 million).

SingPost said that “subject to certain performance targets being achieved, it may have to make an additional payment of 3.6 million Euros to the vendors.”