SATS Buys Worldwide Flight Services To Become Biggest Cargo Handler
Credit: Heorshe/Alamy Stock Photo
SINGAPORE—Singapore-based ground handler SATS has announced that it will be buying Worldwide Flight Services (WFS), the world’s largest cargo handling company. The €1.19 billion ($1.14 billion) all-cash transaction will see WFS acquired from an affiliate of private equity firm Cerberus Capital...
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