Lufthansa in early talks on possible tie-up for caterer LSG: sources [Reuters]
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Source: Reuters
Lufthansa in early talks on possible tie-up for caterer LSG: sources | Reuters 3 Min Read FRANKFURT (Reuters) - Lufthansa ( LHAG.DE ) is in early talks about a possible tie-up between its LSG Group catering unit with partners such as Austria’s Do&Co; ( DOCO.VI ), Singapore’s SATS ( SATS.SI ) and Switzerland’s Gategroup, people close to the matter said. Lufthansa is exploring its options with the help of Morgan Stanley ( MS.N ), but has not launched a formal sales process, sources told Reuters. Chief Executive Carsten Spohr told a newspaper last month that the German airline was considering divesting LSG. “We have not defined whether this (sale) would go ahead, or whether we would hold on to LSG in full,” he told the Boersen-Zeitung newspaper, adding the company would not support a sale to private equity. A Lufthansa spokesman said the airline had no additional comment. SATS, Do&Co;, Gategroup owner HNA and Morgan Stanley declined to comment. A deal could value LSG at roughly 1
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