Regional Express Holdings Ltd (ASX:REX) Completes Sale of Pel-Air Business
Sale Completion
Regional Express Holdings Ltd (ASX:REX) has successfully completed the sale of its Pel-Air ambulance business. The deal involved selling the business and its associated debt financing to an entity controlled by Toll Holdings Limited. Proceeds from this sale will be directed towards repaying secured debt held by the Rex Group.
Regulatory Approvals
This sale follows an earlier announcement made on 24 October 2024 and is now finalised after meeting all customary conditions. This includes obtaining necessary regulatory approvals from Australia’s Foreign Investment Review Board.
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