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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Australia
2 mins to read

Trans-Tasman funeral business Propel fields takeover offers

The ASX-listed company last year sourced 25% of its revenue, or A$36.7m, from New Zealand.

Propel’s strategy is to roll up smaller family-owned businesses through acquisition.

Shares in ASX-listed funerals business Propel Funeral Partners moved higher on the ASX on Monday on the late afternoon announcement that the company had fielded takeover offers, although it said none of them had been “compelling”.

Propel, the No 2-ranked funeral director in Australia – which

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Lachlan Colquhoun Tue, 24 Oct 2023
Contact the Writer: lachlan@nbr.co.nz
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Trans-Tasman funeral business Propel fields takeover offers
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