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Temasek's possible acquisitions of Swissport, Gategroup could put SATS on the cusp of take-off

Stanislaus Jude Chan
Stanislaus Jude Chan4/19/2018 11:46 AM GMT+08  • 2 min read
Temasek's possible acquisitions of Swissport, Gategroup could put SATS on the cusp of take-off
SINGAPORE (Apr 19): CIMB Research believes potential investments by SATS’ biggest shareholder Temasek Holdings could birth a global giant in airline catering and ground handling services.
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SINGAPORE (Apr 19): CIMB Research believes potential investments by SATS’ biggest shareholder Temasek Holdings could birth a global giant in airline catering and ground handling services.

The state-owned investment firm, which holds a 43.2% stake in SATS, is said to be mulling stakes in two subsidiaries of debt-laden Chinese conglomerate HNA Group Co – Swissport Group and Gategroup Holding.

Swissport offers ground and cargo handling services at airports, while Gategroup is an airline caterer.

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