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5 kwi 2023 · Deutsche Lufthansa said on Wednesday that it would sell the remaining part of airline caterer LSG Group to private equity firm Aurelius, three years after it first put the business up for sale.
Lufthansa agreed with private equity group AURELIUS the sale of the entire LSG Group business, including LSG Sky Chefs and Retail inMotion.
LSG Group International (incl. LSG Sky Chefs) is a renowned globally integrated airline caterer and onboard retail provider. In recent years, LSG Group has also developed an expansive presence across the growing food commerce industry.
Company profile page for LSG Sky Chefs LLC including stock price, company news, executives, board members, and contact information.
1 lis 2023 · With the sale transaction now completed, ownership of the LSG Group has passed from the Lufthansa Group to the Aurelius Group private equity company, as contractually agreed in early April of this year. The LSG Group’s European business activities were previously sold to gategroup in 2019.
For the first quarter of 2023, the LSG Group (LSG Sky Chefs and Retail inMotion) reported a consolidated revenue of EUR 523 million, compared to EUR 373 during the same period in 2022, which is roughly a 40 percent increase.
Sources told Bloomberg News last November that Lufthansa was negotiating to sell the remaining part of LSG Sky Chefs to Aurelius with a deal expected within weeks, though cautioning that the talks could be delayed.
