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Business deals

Singapore's SATS set to close $1bn deal for French cargo handler

Worldwide Flight Services acquisition to clear regulatory review as soon as March

SATS gained a presence in airports across Asia by taking advantage of the region's growth. (Photo from SATS Twitter account)

SINGAPORE -- Singaporean airport services provider SATS is on track to complete a 1.19 billion-euro ($1.29 billion) purchase of air cargo handler Worldwide Flight Services as early as March, pending approval from government watchdogs.

SATS's acquisition of WFS, first announced in September, is currently undergoing regulatory reviews in multiple nations. All procedures are expected to wrap up in March or April.

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