Singapore's SATS agrees to buy Worldwide Flight Services for $1.1 bln

Sats

28/09/2022 07:50

SINGAPORE, Sept 28 (Reuters) - Singapore-based ground
handling services firm SATS Ltd  SATS.SI  said on Wednesday it
is buying Worldwide Flight Services from an affiliate of
investment firm Cerberus Capital Management, L.P. (Cerberus) for
1.187 billion euros ($1.14 billion) in cash.
 ($1 = 1.0458 euros)
 (Reporting by Yantoultra Ngui; Editing by Muralikumar
Anantharaman)
 ((Yantoultra.Ngui@thomsonreuters.com;))