Investment company Cerberus Capital Management has announced that an affiliate has completed the previously announced sale of cargo logistics business Worldwide Flight Services (WFS) to SATS  for “an enterprise value” of €2.25bn. Cerebrus bought WFS five years ago for  €1.2 billion. Describing it as the world’s largest air cargo logistics provider, Cerebrus said WFS has annual revenues of €2bn and operates in 158 airports in 18 countries. “It’s been a tremendous partnership between WFS and Cerberus,” said Nils Andersen, chairman of WFS, adding that “WFS is a stronger and more resilient business positioned for long-term growth”. We’re incredibly proud to

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