Article: Malaysia: MMC To Acquire Senai Airport Terminal Services In RM2.2 Bln (USD672.2mn) Deal.

Byline: pinto03

MMC Corporation Bhd (MMC) will acquire the entire stake in Senai Airport Terminal Services Sdn Bhd (SATS) and make a voluntary general offer for Aliran Ihsan Resources Bhd (AIR) in a RM2.2 billion(USD672.2mn) deal to accelerate the groups international expansion drive in the logistics and utilities businesses.

MMC will acquire SATS for RM1.95 billion(USD596mn) in an all-share deal and AIR for up to RM240 million(USD73.3mn) in cash, said MMC in a statement released Monday. The group also said that it intended to maintain the listing status of AIR following the acquisition.

"These acquisitions are a strategic fit for MMC as they ...

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