ComfortDelGro acquires Aussie assets for $6.74m

The group will acquire Rothery's Coaches in Queensland.

ComfortDelGro Australia announced its subsidiary, CDC South East Queensland (CDC SEQ), will acquire Rothery's Coaches for approximately $6.74m (AU$6.75m).

The agreement with Keydale Holdings, as well as Barry and Roslyn Rothery, will add 16 buses to the CDC SEQ operations in Rockhampton, Queensland. The total consideration arrived on a willing buyer, willing seller basis.

ComfortDelGro said the transaction will have no material impact on its 2022 net assets or earnings per share.

AU$1 = SG$0.98

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