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.

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