China’s HNA Group agrees to buy Swiss Gategroup for US$1.50bn
Having agreed to buy the international luggage and cargo handler Swissport International last July for US$2.8bn, the Chinese conglomerate HNA Group Co., Ltd., headquartered in Haikou, China, has now agreed to buy a second Swiss company, Gategroup Holding AG, the world’s second-largest airline catering company, for US$1.5 billion. The deal reflects a 17% premium on […]
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