Oct 10 2010 |
more articles from
|
Dnata set to acquire 100% stake in Alpha
Sunday, Oct 10, 2010Dubai Dnata , the Dubai-based airport and travel services company, on Friday announced it will acquire a 100 per cent share of Alpha Flight Group (Alpha) from Milan-based Autogrill.
Alpha is a leading international inflight catering business with a turnover of £360 million (Dh2.3 billion) and employs over 5,800 staff in 11 countries.
It produces more than 120,000 meals per day at 58 airports globally. The acquisition will increase Dnata’s international portfolio significantly, with the company’s ground handling and catering operations now set to operate in 70 airports in 17 countries.
The effective date for the transaction is expected to be by December 31.
“This acquisition reflects Dnata’s long-term strategy to expand and develop our international network,” said Gary Chapman, President, Dnata .
It is Dnata’s fifth significant acquisition in the airport services sector in the last four years and consolidates Dnata’s position as a significant player in the global industry.
© Gulf News 2010. All rights reserved.
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment