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Propel Funeral Partners Ltd. ( (AU:PFP) ) has issued an announcement.
Propel Funeral Partners Limited has announced the acquisition of two long-established funeral service providers in New Zealand, expanding its presence in two new regional markets. The acquisitions, valued up to approximately A$7.3 million, include Twentymans Funeral Services and Thames Crematory, and Richmond Funeral Home and Clareville Crematorium, which are expected to be earnings accretive in the first year post-completion. These acquisitions will be funded through the company’s debt facilities and are anticipated to complete in the second half of fiscal year 2025.
More about Propel Funeral Partners Ltd.
Propel Funeral Partners Limited is the second largest provider of death care services in Australia and New Zealand, operating from 198 locations, including 38 cremation facilities and 9 cemeteries. The company is listed on the Australian Securities Exchange.
YTD Price Performance: 2.04%
Average Trading Volume: 101,237
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$826.4M
For a thorough assessment of PFP stock, go to TipRanks’ Stock Analysis page.
