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Monadelphous Group Ltd Announces Sale Of Skystar Operations To John Menzies plc's Menzies

Monday, 21 Oct 2013 01:10am EDT 

Monadelphous Group Ltd announced that it had entered into a conditional agreement for the sale of its non-core aviation support services business, Skystar to Menzies Aviation (Menzies), a division of John Menzies plc. Monadelphous confirmed the sale has been finalised and is expected to result in a one-off pre-tax profit of approximately $10 million. The wholly owned Skystar operating subsidiaries involved in the transaction are Skystar Airport Services Pty Ltd and Skystar Airport Services NZ Pty Ltd. 

Company Quote

-4.75 -1.11%
11:38am EDT