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SATS exits deal to buy cruise centre

Company cites 'market developments'; competition watchdog informed
Tuesday, May 13, 2014 - 06:00

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

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