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Singapore’s SATS Confirms Talks to Buy Cerberus-Backed WFS

  • No definitive terms have been agreed upon, SATS says
  • Cerberus Capital bought Worldwide Flight Services in 2018
Updated on

SATS Ltd., a catering and gateway services provider, is in ongoing discussions to acquire air cargo handler Worldwide Flight Services from its private equity owner Cerberus Capital Management.

Expanding its network and capabilities in Asia and across the globe is among the Singapore-based firm’s priorities and hence it’s constantly on the lookout for acquisition opportunities, SATS said in an exchange filing on Wednesday. There’s no certainty a deal could be struck and no definitive terms have been agreed upon on, it added.