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STRATEGIC ACQUISITION

Dnata ups investment in Italy

Dnata raises stake in Italian ground-handler to 70pc

DUBAI, July 3, 2018

Dubai-based dnata, a leading global air services provider, has exercised its option to acquire an additional 40 per cent share in Airport Handling SPA, effectively increasing dnata’s total interest in the Milan-based ground handler to 70 per cent.

 With majority representation on the board, dnata has already been managing the day-to-day operations of the company since its original investment in 2016.

Airport Handling, which was founded in 2014, provides a variety of passenger, ramp and baggage services to over 60 airlines at Milan’s two airports, Malpensa (MXP) and Linate (LIN). Dnata's further investment in Airport Handling underlines its commitment to the Italian market, where it also operates catering facilities at 22 airports.

Stewart Angus, divisional senior vice president for dnata International Airport Operations & Associated Companies, said: “Following more than two years of successful cooperation and the consistent delivery of excellent service standards to our customers, we are delighted to announce further investment in Airport Handling.

“We are confident that dnata and our stakeholders will benefit from this strategic acquisition, which underscores our broader vision and commitment to the Italian market. We will work hard to continue offering outstanding quality service to our customers, while seeking further growth opportunities in the country.”

Although dnata’s share increases to 70 per cent the current leadership team will continue to manage the business and operations as before.

Over the past seven years, dnata has steadily expanded its international airport operations with a series of partnerships and acquisitions. Dnata now provides over 300 airline customers with quality and reliable ground handling, cargo and catering services at 130 airports across six continents. – TradeArabia News Service




Tags: Italy | Stake | dnata | Milan |

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