Hemas restructures its stakes in the travel and aviation sectors.

Hemas restructures its stakes in the travel and aviation sectors.

16 March 2020 04:32 pm

Hemas Group, in line with its portfolio strategy of focusing on growing its core sectors of consumer, healthcare and mobility, has embarked on a restructuring of its stakes in the travel and aviation sectors.

As a result, the group has reduced its shareholding in inbound and outbound travel and selected aviation representation businesses with the majority stake having been acquired by some members of its senior management team, the company said in a statement on Monday. 

Hemas will remain a shareholder in the business with a 19.9 per cent stake. The professionalism, dedication and commitment of the management and staff of these businesses will continue uninterrupted to provide their customers and principals’ high levels of service, it said. 

Steven Enderby, Group CEO, Hemas Holdings PLC said the company was committed to further strengthen its strategic partnerships in the mobility sector and grow its aviation and maritime representations in Sri Lanka on behalf of Emirates Airlines, Evergreen Group and Far Shipping.

The group is expanding its logistics footprint through the new Spectra Logistics Park, thereby enhancing its focus and synergies in this sector. 

“Hemas as a group will continue to develop its  core consumer brands and take these to new regional geographies, Bangladesh, India and Myanmar. 

In healthcare, completing the new state of the art pharmaceutical manufacturing plant at Morison PLC remains a key priority, as we target full commercial operations in early 2021.

Plans are underway to address the increased demand In Hemas managed hospitals, and expand its  services while pharmaceutical distribution has just taken on a major new nutrition agency.

The company continues to expand in logistics and mobility with our new logistics park operated by Spectra ramping up. With all these major expansion activities in our core sectors unlocking capital and management from our travel and aviation interests will drive future growth.