Gategroup to buy European ops of Lufthansa's LSG unit - sources
26/11/2019 11:35
FRANKFURT, Nov 26 (Reuters) - Switzerland's Gategroup is
nearing a deal to buy the European operations of Lufthansa's
LHAG.DE LSG unit, which the carrier has put on the block as it
struggles with low margins in a competitive market, three people
close to the matter said.
An announcement of the deal is expected after a meeting of
Lufthansa's supervisory board on Dec. 3, two of the people said.
Lufthansa and Gategroup declined to comment.
(Reporting by Arno Schuetze and Klaus Lauer; editing by Thomas
Seythal)
((arno.schuetze@thomsonreuters.com; +49.69.7565.1197; Reuters
Messaging: arno.schuetze.reuters.com@reuters.net))