Lufthansa has agreed a deal to sell the remaining parts of its LSG Group catering business to a European private equity company.
The German group, which has been looking to offload subsidiary companies to focus on running its airline businesses, is selling LSG’s businesses to Aurelius Group for an undisclosed sum.
Lufthansa previously sold its European LSG Sky Chefs business, which has operations in Germany, Switzerland, Netherlands, Belgium, Italy and Spain, to global airline catering specialist gategroup in a deal that was initially announced in 2019 and completed the following year.
Remco Steenbergen, chief financial officer of Deutsche Lufthansa, said: “We are confident that Aurelius will enable the LSG Group to be well positioned in the years ahead.
“In turn, it enables us to focus even more on further improving the profitability and capital returns of the Lufthansa Group core business.”
Aurelius is acquiring LSG’s catering, onboard retail and food commerce activities and brands, including Europe-based Real inMotion (RIM).
The deal is expected to be completed by the third quarter of this year, subject to gaining the necessary regulatory approvals.