Grupo SATA publishes specifications for SATA Handling disposal process
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Background ✨
Portugal's Azores Government approved terms for a private sale of SATA Handling, requiring the buyer to keep operations and the registered office in the Azores for at least 30 months, avoid collective redundancies and job cuts, comply with collective labour agreements for 36 months, and ensure ground handling across nine Azorean airports/aerodromes, while authorising a EUR55 million guarantee to Grupo SATA for cash flow support1. Qualified candidates were to be shortlisted before non-binding proposals, due diligence and binding offers2.