SATS Completes €4.15 Million Disposal of 49% Stake in Servair-SATS Joint Venture
Summary:
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SATS Ltd. finalised the sale of its 49% interest (509,600 shares) in Servair‑SATS Holding Company Pte Ltd to Gate Gourmet Switzerland Holding GmbH on 26 June 2025.
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The disposal fetched €4.15 million (approximately S$6.14 million), paid entirely in cash.
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As of 31 March 2025, the book value and net tangible asset (NTA) of SATS’s stake were around S$2.20 million.
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The divestment aligns with SATS’s strategy to recycle capital, enhance liquidity, and focus on core operations and debt repayment.
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The transaction is classified as a non-disclosable interested person transaction, with the value below both the 3% market capitalisation and 5% materiality thresholds.
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Management confirms no significant impact on SATS’s consolidated NTA or earnings per share for FY2026.