5th Sep 2018 11:18
LONDON (Alliance News) - John Menzies PLC on Wednesday ratified the appointment of Forsyth Black as chief executive officer after completing the disposal of its print media distribution unit to Endless LLP for GBP74.5 million.
The sale was approved by shareholders of the logistics firm at a general meeting held at the end of August.
"The disposal creates a pure play global aviation services business that is operating in a structural growth market and marks Menzies' exit from the market for print media and retail logistics," the company said.
John Menzies shares were trading unchanged at 585.00 pence each.
Related Shares:
MNZS.L