SATS says it will fund the purchase consideration, which will be paid in cash, through internal resources.
SINGAPORE (Mar 2): Airline gateway services and food solutions SATS announced Monday it has acquired Monty’s Bakehouse UK for $48.4 million.
Based on its unaudited consolidated management accounts as at Jan 31, 2020, Monty’s Bakehouse Group has a book value of £9.8 million ($17.7 million) and a net tangible asset value of £9.8 million.
