Ownership Transfer of LSG Sky Chefs España S.A. Closed

Neu-Isenburg, Germany/Toulouse, France – The ownership transfer of all shares in LSG Sky Chefs España S.A. (“LSG España”) from LSG/Sky Chefs Europe Holdings Ltd. (“LSG Sky Chefs”) to Newrest Servair, S.L. (“Newrest”) took effect today after the successful completion of the required approval process.

 

LSG España owns five airline catering facilities and industrial feeding operations at the Madrid, Barcelona, Palma de Majorca, Malaga and Gerona airports. Both companies announced the planned share purchase on November 20, 2007.

 

While its operations in Spain had not been profitable for LSG Sky Chefs in recent years due to changes in the market environment and the exit of important airline customers, the acquisition represents an important stimulus to Newrest’s activities in the country.

Media contact: Josefine Corsten, SVP Corporate Communications, Phone +49 6102 5999 120

About NEWREST Group
Newrest Group is a private company based in Palma de Majorca (Spain) with revenues in excess of 400M€ per annum and more than 8.000 employees in 18 countries. Newrest is specialized in „travel related services“ including airline & industrial catering, airport restaurants and bars, support services, remote site services and on board sales of food, beverage and retail goods. The company is majority owned by management, led by its two CEOs, Jonathan Stent-Torriani and Olivier Sadran.
Media contact: Dominique Pilatte, Communication, Phone : + 33 562893979

 

LSG Sky Chefs is the world’s largest provider of in-flight services. These include catering, in-flight equipment and logistics, in-flight retail as well as the management of onboard and related airport services. LSG Sky Chefs partners with more than 300 airlines worldwide and operates some 200 customer service centers in 52 countries, producing around 490 million airline meals a year. In 2011, the companies belonging to LSG Sky Chefs Group achieved consolidated revenues of € 2.3 billion.