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John Menzies Plc Announces Acquisition From Monadelphous Group Ltd And Desacol


Tuesday, 20 Aug 2013 02:00am EDT 

John Menzies Plc announced two acquisitions as part of its strategy to expand the business in attractive growth markets. It has agreed to acquire the Australian ground handling business, Skystar from Monadelphous for GBP7.7 Million in cash, and the Colombian ground and cargo handling business, Desacol for a maximum consideration of GBP6.4 Million in cash. Both acquisitions will be funded from existing debt facilities and will be earnings enhancing, with the full benefit in 2014. 

Company Quote

624.0
9.5 +1.55%
29 Aug 2014