16-Sep-2010 3:25 PM
gategroup acquires Cara Airline Solutions; Vienna Airport to commence maintainance work
Analysis
gategroup (+0.7%) rose only marginally, despite news it has reached an agreement with Cara Operations Limited for gategroup to acquire Cara Airline Solutions, a Canadian airline catering and logistics provider. When complete, the transaction will establish gategroup's core brand Gate Gourmet as a major player in the Canadian airline services market, where it currently does not have a presence.
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