Asia/Pacific

SATS to acquire Worldwide Flight Services for €2.25bn to create biggest global cargo network

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SATS to acquire Worldwide Flight Services for €2.25bn to create biggest global cargo network

SATS, a Singapore-based cargo handling service, is all set to buy Worldwide Flight Services (WFS) from an affiliate of asset investor Cerberus Capital Management in a deal with an enterprise value of €2.25bn. The deal will be the biggest acquisition by SATS, having a market value of $3 billion. Th...

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