John Menzies

The board of John Menzies has recommended that shareholders accept a £571 million offer from Kuwait company National Aviation Services (NAS).

Menzies Distribution, a spin-out of Edinburgh-based John Menzies, has secured a new £14 million term loan with Royal Bank of Scotland. The new loan, together with existing cash funds, has enabled Menzies to refinance its recent short-term debt used to fund the acquisition of Bibby Distribution