SATS to buy stake in Airline Catering Holdings

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By TESTCustomwebLP TESTCustomwebLP October 26, 2015 21:56

SATS to buy stake in Airline Catering Holdings

SATS, the main ground-handling and in-flight catering service provider at Singapore’s Changi Airport has offered to buy a 49% stake in a Malaysian airline catering firm, Airline Catering Holdings, which is a subsidiary of Malaysian firm Brahim’s Holdings, for MYR110 million (US$25.76 million), with an additional consideration of up to MYR108 million (US$25.29 million). At present, the holding company has a 70% equity stake in Brahim’s Airline Catering, with Malaysia Airlines holding the remaining interest in the firm.

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By TESTCustomwebLP TESTCustomwebLP October 26, 2015 21:56