Lan to pay US$88m
- Latest News
- Friday, 23 January 2009
Singapore Airport Terminal Services (SATS), the ground-handling unit of Singapore Airlines, is to purchase Temasek Holdings's 70 per cent stake in Singapore Food Industries. The S$334.5 million acquisition is tipped to help shield SATS from a slowdown in flight catering and ground-handling as air travel declines.
Singapore Airport Terminal Services (SATS), the ground-handling unit of Singapore Airlines, is to purchase Temasek Holdings's 70 per cent stake in Singapore Food Industries. The S$334.5 million acquisition is tipped to help shield SATS from a slowdown in flight catering and ground-handling as air travel declines.