November 26, 2019 / 11:42 AM / 18 days ago

Gategroup to buy European ops of Lufthansa's LSG unit - sources

FRANKFURT, Nov 26 (Reuters) - Switzerland’s Gategroup is nearing a deal to buy the European operations of Lufthansa’s LSG unit, which the carrier has put on the block as it struggles with low margins in a competitive market, three people close to the matter said.

An announcement of the deal is expected after a meeting of Lufthansa’s supervisory board on Dec. 3, two of the people said.

Lufthansa and Gategroup declined to comment.

Reporting by Arno Schuetze and Klaus Lauer; editing by Thomas Seythal

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