Spotlight on john Menzies over competition concerns
The Competition and Markets Authority last week said the planned takeover of Manchester-based Airline Services by Menzies – which is due to report first-half results on Tuesday – could lead to less choice and potentially higher costs for de-icing and ground handling services at airports including Glasgow and Edinburgh.
The Edinburgh-headquartered group will face an in-depth probe unless it offers acceptable ways of addressing the CMA’s concerns.
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Hide AdThe deal, which sees Menzies move into four new airports, is part of its bid to be a “pure-play” aviation business after recently agreeing to sell its print media arm Menzies Distribution to funds managed by private equity investor Endless.