ECONOMY - FINANCE - BUSINESS / Competition

Commission approves acquisition of European catering business of LSG by Gategroup, subject to conditions

Brussels, 06/04/2020 (Agence Europe)

On 3 April, the European Commission approved the proposed acquisition of the European business of Lufthansa Service Group (LSG) by Gategroup.

The approval is conditional on full compliance with the commitments offered by Gategroup.

As a result of this transaction, Gategroup would acquire sole control of the European business of LSG (LSG EU) by way of purchase of shares and assets. The transaction excludes LSG's retail on-board business.

The Commission's investigation found that the...