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HNA Agrees to Buy Airline Caterer Gategroup for $1.5 Billion

HNA Group Co., a Chinese conglomerate, has reached an agreement to purchase Gategroup Holding AG, a Swiss airline catering company, for 1.4 billion ($1.5 billion).

In a statement, HNA said Shareholders would get 53 francs a share as well as the previously declared 30 centimes per share dividend, which is about 20% more than the closing price Friday.

The material has been provided by InstaForex Company – www.instaforex.com

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HNA Agrees to Buy Airline Caterer Gategroup for $1.5 Billion Reviewed by on . HNA Group Co., a Chinese conglomerate, has reached an agreement to purchase Gategroup Holding AG, a Swiss airline catering company, for 1.4 billion ($1.5 billio HNA Group Co., a Chinese conglomerate, has reached an agreement to purchase Gategroup Holding AG, a Swiss airline catering company, for 1.4 billion ($1.5 billio Rating:
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