Agility Public Warehousing to acquire a 13% stake in John Menzies for $100m.

Agility Public Warehousing, a provider of supply chain services, innovation and investment, offered to acquire a 13% stake in John Menzies, an aviation services business providing ground handling, cargo handling, cargo forwarding and into-plane fuelling, for $100m. "The acquisition of this significant stake demonstrates our seriousness and belief that a combination of Menzies and NAS offers a compelling opportunity to all stakeholders," Hassan El-Houry, NAS CEO. On February 21, 2022, Menzies has received a further revised proposal from NAS, a subsidiary of Agility, regarding a possible all cash offer for Menzies of $8.26 per share valuing the company at $762m.