Lufthansa takes first formal step towards selling catering unit
10/04/2019 15:00
BERLIN, April 10 (Reuters) - Germany's Lufthansa LHAG.DE
has made the first formal step towards selling its catering unit
LSG, a company spokesman said on Wednesday.
"With this step, potential investors are being invited to
make their bids," the spokesman said, adding that Lufthansa
planned to sell its unit to a strategic investor in the catering
sector.
Austria's Do&Co DOCO.VI and Switzerland's Gategroup are
expected to make offers for the European LSG operations, people
familiar with the matter said in March. urn:newsml:reuters.com:*:nS8N20Y04N
Lufthansa's LSG unit employs 35,000 staff and gerenated
revenues of 3.2 billion euros last year.
(Reporting by Ilona Wissenbach, writing by Tassilo Hummel,
editing by Thomas Escritt)
((Tassilo.Hummel@thomsonreuters.com; + 49 30 2888 51 26;
Reuters Messaging: tassilo.hummel.thomsonreuters@reuters.net))