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Birmingham Post
Birmingham Post
Business
Neil Shaw

John Menzies is likely to be sold to a Kuwaiti company

John Menzies Menzies NAS Agility

Edinburgh-based John Menzies is likely to be sold to a Kuwaiti company after bosses said they planned to accept a renewed offer of nearly £560 million.

The board said that NAS, a subsidiary of Agility Public Warehousing, had upped its bid for the company by around £90 million.

“The board has considered the final proposal and indicated to NAS that it would be willing unanimously to recommend an offer at the financial terms of the final proposal to Menzies shareholders,” the board said in a statement.

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