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UPDATE 1-Lufthansa in early talks on possible tie-up for caterer LSG -sources [Reuters]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
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Company Research Source: Reuters
UPDATE 1-Lufthansa in early talks on possible tie-up for caterer LSG -sources | Reuters 3 Min Read * Do&Co;, Gategroup, SATS possible partners * Deal could be worth 1 billion euros * CEO has said divesting LSG possible (Adds detail, background) By Arno Schuetze, Anshuman Daga and Kirsti Knolle FRANKFURT, Dec 14 (Reuters) - Lufthansa is in early talks about a possible tie-up between its LSG Group catering unit with partners such as Austria’s Do&Co;, Singapore’s SATS and Switzerland’s Gategroup, people close to the matter said. Lufthansa is exploring its options with the help of Morgan Stanley, 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 spo Show less Read more
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