Lufthansa Sells Payment Specialist AirPlus to SEB for $491 Million
21 Junho 2023 - 2:50AM
Dow Jones News
By Adria Calatayud
Deutsche Lufthansa has agreed to sell payments business
Lufthansa AirPlus Servicekarten to Sweden's SEB Group for 450
million euros ($491.4 million), both companies said Wednesday.
The German carrier group said the sale follows the recent
divestment of its remaining catering business and will allow it to
focus on its core business going forward. Lufthansa expects the
deal to have a positive effect on its adjusted operating margin and
on its adjusted return on capital employed, it said.
SEB said AirPlus is a compelling strategic fit for its SEB Kort
payments-services provider and that the deal supports its strategic
plans.
The deal is expected to close during the first half of 2024,
subject to obtaining relevant external approvals, the companies
said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
June 21, 2023 01:35 ET (05:35 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Deutsche Lufthansa (TG:LHA)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Deutsche Lufthansa (TG:LHA)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024