SingPost subsidiary acquires 80% stake in FPS Rotterdam for $12.6m
It is now an indirect subsidiary.
SingPost subsidiary Famous Holdings has acquired an 80% stake in FPS Rotterdam for $12.6m (EUR 8.4m).
If certain performance targets are achieved, there may be an additional consideration of 45.4m (EUR 3.6m) payable to the vendors.
After the deal, FPS Rotterdam is now an indirect subsidiary of SingPost.