Singapore Technologies Aerospace completed the purchase of SAS Group's remaining 28.7% shareholding in ST Aerospace Solutions (Europe) for €28.3 million ($44.4 million) following the exercise of a put option by SAS under a 2006 agreement between SAS and ST Aerospace (ATWOnline, March 16, 2006). STA Solutions now becomes a wholly owned subsidiary of ST Aerospace. SAS sold an initial 67% shareholding in the unit, formerly known as SAS Component, in 2005.
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