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  • gategroup's Board of Directors rejects Board replacements sought by minority shareholders

    ZURICH, February 16, 2016 – RBR Capital Advisors and Camox Master Fund, two hedge funds based in the Cayman Islands and Luxembourg that together hold an 11.3% stake in gategroup, have informed the Board of Directors of gategroup that in addition to the two members elected to the Board at their request at the 2015 AGM, they will be seeking the election of two new Board members, including a …

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  • gategroup completes acquisition of Inflight Service Group and wins new Retail on Board contract

    ZURICH, February 2, 2016 – gategroup Holding AG announced that it has met all closing conditions and therefore acquired Inflight Service Group (“IFS”) in full, from funds advised by Triton. The transaction, which will increase gategroup’s revenue by CHF 250 million and EBITDA by CHF 13.4 million annually pre synergies, is expected to be cash accretive to EPS in its first …

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  • gategroup renews major contract with United Airlines

    ZURICH – gategroup Holding AG is pleased to announce that it has reached agreement with United Airlines for the extension of important catering and provisioning business. Total revenue over the life of the contracts is estimated to exceed CHF 500 million. …

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  • gategroup announces commercial leadership change

    ZURICH, January 8, 2016 – gategroup Holding AG announced today that Chief Commercial Officer David de la Torre will leave the Group for personal reasons as of today. …

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  • gategroup establishes leading Buy on Board position with acquisition of Inflight Service Group

    ZURICH, December 2, 2015 - gategroup Holding AG announced today it has reached an agreement with funds advised by Triton to acquire 100% of IFS, complementing its existing business and establishing its leadership position in Buy on Board services. The acquisition, which entails a debt-free purchase of CHF 130 million, will generate additional revenue for gategroup of more than CHF 240 million and …

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  • gategroup reports improved operational performance and continued cost savings

    ZURICH – gategroup Holding AG delivered solid performance for the third quarter of 2015, with improved operating results and an EBITDA margin increase. The results reflect seasonality, with the third quarter historically being the Group’s strongest in terms of revenue and EBITDA generation, yet equally underscores gategroup’s advancement to date of its Gateway 2020 strategy. The …

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