Divestment of Changi International Airport Services by Temasek Holdings

• Main Authors: FAN, Terence P. C., KIM, Changhyun, KOH, Chaik Ming
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2018
• Subjects: Corporate finance; Cash flow; Financial analysis; Financial strategy; Mergers & acquisitions; Valuation; Asian Studies; Strategic Management Policy
• Online Access: https://ink.library.smu.edu.sg/cases_coll_all/224; https://cmp.smu.edu.sg/case/3626
• Institution: Singapore Management University

In May 2004, Temasek Holdings (Temasek) initiates the divestment of Changi International Airport Services (CIAS), following the issuance of a third ground handling license to Swissport. Since its inception in 1977, CIAS had built a reputation of a successful and competitive operator at Changi Airpor...