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SATS To Acquire 49 Percent Of Brahim’s Airline Catering Holdings
Daily Bulletin | 21 December 2015
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SATS has entered into a conditional share sale agreement to acquire 49 percent of Brahim’s Airline Catering Holdings for RM218 million. The consideration comprises a base consideration of RM110 million and additional earn-out consideration and outperformance consideration of up to RM108 million which is conditional upon certain agreed financial targets being achieved.

The acquisition is part of the group’s strategy of growing the scale of its food business and enhancing its connectivity to better serve its customers across key airports in the region. Kuala Lumpur International Airport is an important and growing aviation hub, and is one of busiest airports in Asia, with high frequency connections to Singapore and other major hubs where the group is present.

SATS  4.950 -0.02 -0.40%   
Business: Asia's leading provider of gateway services and food solutions. [FY19 Turnover] Food solutions (54.1%), gateway svcs (45.8%), others (0.1%).

Insight: May-19, FY19 revenue rose 6% to $1.8b driven by hi... Read More

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