Originally Posted by
Mitchaa
Hmm, if the rumours of PHI coming into the market are true (or any big player for that matter) then surely they would buy the Aberdeen business for some/most/ all or even more than the money CHC paid Babcock?
£10m sounded very cheap to me at the time (Guessing big Babcock absorbed the losses and debts and wrote them off) so it may actually turn out to be a very good business move depending on how you look at it?
CHC acquired Denmark and Australia, those contracts and their people and will then recoup £££ from the sale of the Aberdeen business unit. Looks like the deal of the century to me where I actually can’t get my head around the maths but perhaps I’m overlooking something blindingly obvious,
CHC have to sell, but another company doesn't have to buy it... this is where it gets very interesting.
If they believe the core value in the purchase is outside the UK, what's stopping them winding up the UK part?