Singapore Post says it is in "exclusive discussions" with a potential buyer for its Australia business, as part of its "strategic review" flagged since June this year.
However, SingPost notes that there's no definitive transaction in relation to the Australia business, including any possible sale, yet.
"There is still no certainty that any such transaction will materialise," the company says.
Analysts have estimated that the possible sale of some of its Australia-based subsidiaries, plus divestment of SingPost Centre and other properties can fetch the company proceeds which can then be used to pare debt. SingPost Centre alone is worth more than $1 billion.
SingPost shares closed at 56 cents on Nov 26, up 0.91% for the day.
