An Post close to selling off two non-core businesses
An Post is close to selling off two further subsidiaries as the company awaits a decision on a new price rise application. It is understood the company is involved in ongoing negotiations to sell two courier and distribution firms, and that one of these is JMC Vans Trans Limited. The company has two other courier operations, Waldermar Ltd and Transpost Limited. One of these is also likely to be sold. The purchase price for the two subsidiaries is likely to be well below the EUR80 million the company received for the two top-up companies it sold earlier this year to Alphyra. The decision to sell comes after the company conducted a review of its subsidiaries and associated undertakings. The company is anxious to exit from non-core businesses.
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