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.
Subscribe to Access this Entire Article
"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.