Salem Radio Network News Thursday, December 8, 2022

Business

Singapore’s SATS agrees to buy Worldwide Flight Services for $1.1 billion

SINGAPORE (Reuters) – Singapore-based ground handling services firm SATS Ltd said on Wednesday it is buying Worldwide Flight Services from an affiliate of investment firm Cerberus Capital Management, L.P. (Cerberus) for 1.187 billion euros ($1.14 billion) in cash.

($1 = 1.0458 euros)

(Reporting by Yantoultra Ngui; Editing by Muralikumar Anantharaman)

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