dnata expands its Italy footprint
Guest Writers are not employed, compensated or governed by TD, opinions and statements are from the specific writer directly
dnata recently signed an agreement to acquire a 30% share in Milan-based ground handler, Airport Handling SPA.
The company will also have a majority representation on the board through which it will control day-to-day operations as well as have a call option to acquire a further 40% share.
“We continue to grow dnata’s international operations where we find right opportunities and right partners. Any acquisition or partnership that we enter has to add value,” said Stewart Angus, dnata’s divisional senior vice president of international airport operations.
Under the agreement, Airport Handling will retain its current name. Employee terms will also be unaffected. This transaction is subject to competition approval by Italian authorities and the European Union. This is expected to be achieved by end of November 2015.
Comments are closed.