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John Glover

NAS purchases £73 million of shares in John Menzies

John Menzies NAS

John Menzies has revealed that the board has not received a further proposal from National Aviation Service (NAS) following NAS’s purchase of £73m in shares.

The purchase by the Kuwaiti company has made it the largest investor in John Menzies following rejection of its offer to purchase the company for £468m.

NAS entered into contracts with Agilities Strategies Holding to purchase 12.1m shares in Menzies representing approximately 13.2% of the issued share capital at a price of 605 pence per share.

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