Airline Caterer Gategroup Is Said to Pick Banks for Zurich IPO
Summarize this article with:
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000A Gategourmet trailer is unloaded onto an aircraft at San Francisco International Airport in California.The world’s biggest in-flight caterer Gategroup Holding AG has selected banks for an initial public offering, which could take place as soon as the second half of next year, people familiar with the matter said.Bank of America Corp., Morgan Stanley and UBS Group AG have been picked to help with the preparations for the potential listing in Zurich, the people said, asking not to be identified as the information is private. There’s no final decision on the size, and the location and timing of the offering could change, the people said. More banks could be added later, they said.