France's Elior Group has said it has entered into exclusive discussions with European private equity firm PAI Partners about a potential sale of its concession catering business.
Edging Out Other Interested Parties
The announcement comes after Reuters reported PAI Partners had emerged as the frontrunner in an auction for the business, edging out US investment firm Lone Star and Swiss airline caterer Gategroup, part of Chinese conglomerate HNA Group.
News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.
ADVERTISEMENT
