The sale of the European business of the Lufthansa catering subsidiary LSG is in the towel. As the group announced, the buyer Gategroup fulfills all requirements of the European Commission, whereby the purchase agreement could be executed. This means that 7.500 employees are moving to Gategroup.

The Swiss Gategroup and Lufthansa had signed the purchase agreement in December 2019, a purchase price was not mentioned. In addition to the European catering businesses, sales also include the lounge and train business, the “Evertaste” food brand and its European operations, as well as the Spririant equipment business and the “Ringeltaube” branded retail stores. The airline will retain a minority stake in the plants in Frankfurt and Munich, which provide on-board services for Lufthansa flights there. Lufthansa intends to sell the rest of LSG as soon as the general conditions permit.

“With the sale of the LSG European business to the Gategroup, we are setting another milestone in the restructuring of the Lufthansa Group. We are focusing more strongly on our core airline business, we are becoming leaner, more efficient and we are reducing the complexity within the group. My very special thanks go to the 7.500 employees who are now switching to Gategroup. You have made our catering business in Europe a success over the past few years and will continue to spoil Lufthansa guests with premium catering under the leadership of Gategroup, ”said Carsten Spohr, Chairman of the Executive Board of Deutsche Lufthansa AG.