Menzies(John) PLC John Menzies plc completes the acquisition of ASIG (6606V)
February 01 2017 - 2:00AM
UK Regulatory
TIDMMNZS
RNS Number : 6606V
Menzies(John) PLC
01 February 2017
1 February 2017
John Menzies plc
("John Menzies" or the "Group")
John Menzies plc completes the acquisition of ASIG
John Menzies plc (Menzies) is delighted to announce the
completion of the acquisition of ASIG from BBA Aviation plc for
US$202m.
Agreement has been reached with the Competition and Markets
Authority (CMA) to hold the ASIG operations at Aberdeen Airport
separately in order to satisfy the requirements of the CMA to
ultimately divest those operations and obtain UK merger
clearance.
Forsyth Black, Managing Director of Menzies Aviation said:
"I am delighted to announce the completion of our acquisition of
ASIG. This is a truly transformational deal and I welcome all ASIG
employees into the Menzies family.
"Whilst ground handling is at the core of our business ASIG
brings exciting new product lines to the Group giving us great
opportunities to further strengthen the aviation business."
For further information:
John Menzies plc
Giles Wilson, Chief Financial
Officer
John Geddes, Corporate Affairs
Director 0131 459 8018
FTI Consulting
Jonathon Brill/Alex Beagley,
FTI Consulting 0203 727 1000
This information is provided by RNS
The company news service from the London Stock Exchange
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