HNA Group acquires 61.7% of Gategroup

China’s HNA Group , parent of Hainan Airlines , has acquired 61.7% of Swiss airline catering and logistics services company Gategroup—and 63.6% of the voting rights and shares as of July 1—which is sufficient for its takeover bid. Under terms of the deal, HNA will pay 53 Swiss francs ($54.22) for...

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