The carrier had announced in late November that it intended to sell the European part of its catering activities to Swiss Gategroup. It has now published its intention not to sell these activities in their entirety but a majority. It has not announced any details but mentions that the transaction, if approved by cartel authorities, will not lead to any changes of its 2019 and 2020 profits.
09 Dec 2019
Lufthansa sells majority stake in its European catering business
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Lufthansa sells majority stake in its European catering business
Deutsche Lufthansa AG (LHA:WBO) | 0 0 (-0.3%) | Mkt Cap: 12,564m
- Published:
09 Dec 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
The carrier had announced in late November that it intended to sell the European part of its catering activities to Swiss Gategroup. It has now published its intention not to sell these activities in their entirety but a majority. It has not announced any details but mentions that the transaction, if approved by cartel authorities, will not lead to any changes of its 2019 and 2020 profits.