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Lufthansa Cargo to acquire German handler LUG to expand ground capacity

Verifying
  • Lufthansa Cargo agreed to acquire German airport handler LUG air cargo handling GmbH.
  • LUG employs about 400 people and manages more than 538,000 square feet of warehouses.
  • The transaction requires antitrust and regulatory reviews, while LUG will remain independently operated.
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