Asia/Pacific

ST Aerospace Arm acquires 50% stake in S-PRO

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ST Aerospace Arm acquires 50% stake in S-PRO

ST Aerospace Systems has acquired the remaining 50% stake in Singapore Precision Repair and Overhaul Pte Ltd (S-PRO), from Messier-Bugatti-Dowty (Safran), for a cash consideration of $8.15m. Following the acquisition, S-PRO will become a wholly-owned subsidiary of ST Aerospace Systems, which in turn...

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