Gategroup to acquire LSG Group's European business.

Gategroup, a holding company providing airline catering through its subsidiaries, agreed to acquire LSG Group's European business, the airline catering providing subsidiary of Lufthansa. Financial terms were not disclosed. "The sale is part of Lufthansa's new strategy to focus on its airline business. Furthermore, the sale enables the new owner to further develop the catering business," Lufthansa.