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Lufthansa and Berlin airports to sell GlobeGround Berlin GmbH to WISAG
Lufthansa and Berlin airports to sell GlobeGround Berlin GmbH to WISAG14-Apr-2008 |
Airline Code [DLH]
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Tags :Continental Europe, Lufthansa Deutsche Lufthansa AG announced it plans to sell its 49% stake in the ground handling company, GlobeGround Berlin GmbH, indirectly through a holding company, to nationally employed WISAG group. The disposal reflects Lufthansa's portfolio management strategy of focusing on the company’s core business segments. The Berlin airports are also going to sell their majority shares in GlobeGround to WISAG group. The price of the transaction has not been disclosed and the transaction is still subject to regulatory approval.
After its sale to WISAG group, the GlobeGround Berlin company will continue to provide passenger, cargo and ground handling services to Lufthansa in Berlin. |
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