Singapore’s SATS to buy Cerberus’s WFS in $2.1B deal

Transaction makes SATS largest global air cargo handler

Source: Worldwide Flight Services

SATS Ltd., a catering and gateway services provider, has agreed to acquire air cargo handler Worldwide Flight Services at an enterprise value of €2.25 billion ($2.1 billion). The Singapore-listed firm will pay about €1.2 billion in cash for WFS, according to a statement on Wednesday. SATS last week confirmed it’s in ongoing discussions with Cerberus Capital Management […]

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