November 26, 2019 / 2:16 PM / 17 days ago

Lufthansa to sell European LSG operations to Gategroup

FILE PHOTO: Flags of airline caterer Gategroup fly at the facility of their Gate Gourmet division at Zurich Airport in Kloten, Switzerland March 26, 2018. REUTERS/Arnd Wiegmann

FRANKFURT (Reuters) - Lufthansa (LHAG.DE) is selling the European operations of its catering unit LSG to Switzerland’s Gategroup, the German carrier said on Tuesday, confirming a Reuters report.

The sale is part of Lufthansa’s new strategy to focus on its airline business, the company said in a statement, adding that the deal was subject to approval by the supervisory board as well as competition authorities.

Reporting by Arno Schuetze; editing by Thomas Seythal

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