Iberia Sells Catering Stake To Gate Gourmet
Iberia agreed to sell its 70% stake in caterer Iber-Swiss to Zurich-based Gate Gourmet, owned by U.S. investor Texas Pacific Group (TPG), for EUR23.5 million (US$29.1 million). Gate Gourmet, which TPG bought for $701.7 million in 2002 from the bankrupt SwissAir Group, already owned the rest of Iber...
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