TAT Group has entered into exclusive negotiations with the investment companies Sagard, Bpifrance and TowerBrook in order to sell them its majority interest in its subsidiary Sabena technics, the aircraft maintenance and modification provider. The sale should be finalised during the second quarter of 2019, subject approvals. The company states that this “shareholder evolution” will be an important step for Sabena technics’ development by “reinforcing its growth opportunities while accompanying it in the successful implementation of its strategic plan which aims at a turnover of €600 million in 2021”, adding that this development will also give the Group “significant resources
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