Gategroup to buy European ops of Lufthansa's LSG unit - sources

FRANKFURT (Reuters) - Switzerland's Gategroup is nearing a deal to buy the European operations of Lufthansa's LSG unit, which the carrier has put on the block as it struggles with low margins in a competitive market, three people close to the matter said. An announcement of the deal is expected after a meeting of Lufthansa's supervisory board on Dec. 3, two of the people said. Lufthansa and Gategroup declined to comment.