SATS completes acquisition of WFS

SATS Ltd.  announced it has completed its acquisition of global air cargo logistics provider Worldwide Flight Services (WFS) for €1.3 billion (equivalent to approximately S$1.8 billion) from an affiliate of Cerberus Capital Management, representing an enterprise value of €2,250 million as previously announced. The acquisition received an overwhelming support of 96.8% approval from SATS’ voting shareholders in January this year and obtained regulatory approvals in all relevant jurisdictions in February. With ... [+]

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