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Gate Gourmet and LSG Sky Chefs receive EC approval

21-Jul-2006

Paris (GATE GOURMET) - Gate Gourmet France and LSG Sky Chefs France have been informed by the European Commission that it has approved the companies’ proposed catering joint venture in Paris.


“We appreciate and welcome the EC’s approval, which clears the way to close the transaction and to begin implementing the joint venture,” the companies said in a statement. No implementation timetable was announced.

The two catering firms announced their intention to form the 50/50 venture in April as a means of returning to profitability and developing new business to ensure their long-term viability in Paris.

The venture will act as a stand-alone company and will have its own sales and marketing function.

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