Advanced Holdings subsidiary sells Advanced CAEKSA for $1
The transaction will be completed before 31 October 2024.
Advanced Holdings' subsidiary, Advanced Engineering Holdings, has sold Advanced CAE Saudi Arabia Company (CAEKSA), also a subsidiary of the group, to Advanced CAE for $1.
The company said that the purchase consideration took into consideration CAEKSA’s net liability and losses incurred for the financial period ended 30 June.
The transaction will be completed before 31 October 2024.