Propel Funeral Partners buys into New Zealand

Company News

by Rachael Jones

Propel Funeral Partners (ASX:PFP) has bought into multiple vendors in New Zealand.

Including the Waikanae Funeral Home and the Kaitawa Crematorium, and Howard & Gannon Funerals.

In their last financial year, the businesses conducted around 300 funerals.

Albin Kurti, Managing Director of Propel says: “New Zealand is a core market for Propel".

Completion of the proposed transactions is expected by 30 June 2019.

Shares in Propel Funeral Partners Limited (ASX:PFP) are trading 0.35 per cent lower to $2.81.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.