SATS Completes Disposal of SERVAIR-SATS; Shares Up Under 1%

MT Newswires

2025/06/27

SATS (SGX:S58) completed the proposed disposal of SERVAIR-SATS to Gate Gourmet Switzerland, according to a late Thursday filing with the Singapore Exchange.

Under the sale and purchase agreement, the company has agreed to sell 509,600 shares in SERVAIR-SATS, representing 49% of the issued and paid up share capital of the target company.

Shares of the company were up under 1% in recent trading.

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