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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

John Menzies accepts new £550m takeover offer from Kuwaiti rival

John Menzies Kuwait Edinburgh NAS
John Menzies airport staff
John Menzies’ board has backed the new offer from Kuwait’s National Aviation Services. Photograph: John Menzies/PA

The British aviation services company John Menzies has agreed a £550m takeover deal with a Kuwaiti rival, in a move that is likely to end a price negotiation after four separate bids.

The Edinburgh-based company, which offers services ranging from cargo and baggage handling to passenger check-in and plane de-icing and refuelling, told the stock market on Monday that it would unanimously recommend a deal if National Aviation Services (NAS) confirms its bid of 608p a share.

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The Guardian - UK
The Guardian - UK
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