Report: SATS Taps Advisers to Review M&A Strategy
SATS Ltd., a Singapore-based provider of ground handling and catering services to airlines, is working with advisers to review its strategy amid increasing consolidation in the industry, people with knowledge of the matter said.
The company, which counts Temasek Holdings Pte as its biggest shareholder, is considering whether to more aggressively pursue growth through acquisitions, the people said. It could consider potential targets in Asia or Europe, said one of the people, who asked not to be identified because the information is private.
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