Sigma Healthcare: Sells two distribution centres for $172M

  • Sigma Healthcare (SIG) has signed the final contracts to sell two of its distribution centres for $172 million
  • The original contract was for a part sale of four distribution centres
  • The centres will be then leased back to Sigma for 15-years, with two five-year options to extend
  • Sigma will keep the ownership of its newly constructed distribution centres in Canning Vale, Western Australia, and Truganina, Victoria
  • Funds from the sale will go towards its net debt, making it than $100 million
  • Final settlement of the deal is expected to be completed by the end of the month
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Apple Strengthens Reach with Apple Pay Launch in India

Apple Pay expands its footprint, aiming to capture the Indian digital payments market.Highlights: Apple Pay officially launches in...

Brink’s Strengthens Position with $6.6B NCR Acquisition

Brink's expands its services through strategic acquisition of NCR's Atleos.Highlights: Brink's acquires NCR Atleos for $6.6 billion.The deal...

Barclays Strengthens Blockchain Payments Platform Discussions

Bank explores blockchain vendors for enhanced payment solutions.Highlights: Barclays explores blockchain technology for payments.Bank engages with various vendors...

Lloyds Tightens Bank Account Opening Process in Branches

The bank limits account openings amidst ongoing service updates.Highlights: Lloyds will restrict opening some bank accounts in branches.The...