SATS in talks to sell Daniels Group

Singapore’s Changi airline services provider SATS is in discussions over the potential sale of British Daniels Group, which owns brands including New Covent Garden Food.

In a filing to the Singapore Exchange, SATS said that discussions are at a stage where there is no certainty that a definitive agreement may be arrived.

"In the event that the sale does not materialise, the Daniels Group will remain as part of SATS," the company said.

SATS will raise about £150m ($233m) from the sale and HSBC Holdings has been appointed to run the auction.

Daniels Group, which has products including fresh soup, fresh fruit, traditional puddings and chilled ready meals, was acquired in January 2009 by SATS, a leading provider of integrated ground handling and airline catering services at Singapore Changi Airport.