Brambles Sells CHEP India to LEAP for $85 Million
Company Announcements

Brambles Sells CHEP India to LEAP for $85 Million

Brambles Limited (AU:BXB) has released an update.

Brambles Limited has announced the sale of its CHEP India business to LEAP India Private Limited for an enterprise value of INR 7,150 million, which is approximately US$85 million. The transaction, expected to be completed by the end of Q1 2025, reflects Brambles’ strategic focus on capital allocation and aims to enhance efficiencies and customer offerings in the Indian market. The proceeds from the sale will be used to reduce outstanding debt, and Brambles anticipates recognizing a profit of around US$25 million from the transaction.

For further insights into AU:BXB stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskBrambles Limited Expands Stock Offering on ASX
TipRanks Australian Auto-Generated NewsdeskBrambles Limited Updates on Share Buy-Back Progress
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App