Menzies(John) PLC John Menzies plc completes the acquisition of ASIG (6606V)

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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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February 01, 2017 02:00 ET (07:00 GMT)