Excitement over Sats' potential deal with HNA units could be overblown
SATS' shares have surged following reports last week that its biggest shareholder Temasek is mulling over acquiring stakes in European aviation services groups, Swissport and Gategroup.
However, investors may be getting ahead of themselves for now, some analysts say.
A Bloomberg report on April 11 stated that Temasek is looking at investing in airline caterer Gategroup and in Swissport, which offers ground and cargo handling services, both of which are backed by Chinese conglomerate HNA. Debt-laden HNA had recently shelved planned listings of the two companies.
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