SUBSCRIBERS

SATS exits deal to buy cruise centre

Company cites 'market developments'; competition watchdog informed

Published Mon, May 12, 2014 · 10:00 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Singapore

AIRPORT and cruise terminal services operator SATS has pulled out of its agreement to purchase the Singapore Cruise Centre (SCC) from Temasek Holdings.

Under an agreement reached in September last year, SATS was slated to buy the SCC for $110 million, to add to the Marina Bay Cruise Centre which it already owns.

Copyright SPH Media. All rights reserved.