Rezidor Hotel Group AB to evaluate HNA Tourism Group Co, Ltd.’s public offer to acquire all shares in Rezidor

Rezidor Hotel Group AB to evaluate HNA Tourism Group Co, Ltd.’s public offer to acquire all shares in Rezidor

BRUSSELS, Belgium, 2016-Dec-23 — /Travel PR News/ — HNA  Tourism Group Co, Ltd. (“HNA”) has yesterday announced a mandatory public offer  to the shareholders in Rezidor Hotel Group AB (publ) (“Rezidor”) to acquire all  shares in Rezidor for a cash consideration of SEK 34.86  per share (the “Offer”). HNA owns, directly  and indirectly, 51.3% of all outstanding shares in Rezidor following the  acquisition of Carlson Hotels Inc.

According  to HNA’s announcement it intends to make an offer document available around 2  February 2017, which will be distributed to the shareholders in Rezidor. HNA  has further informed that the offer period will start on 3 February 2017 and  end on 10 March 2017.

The  Board will now evaluate the Offer and obtain a fairness opinion. The Board will  no later than two weeks prior to the expiry of the acceptance period announce  its opinion of the Offer, including the reasons for its opinion.

Trudy  Rautio, Wendy Nelson and David Berg will not, due to conflict of interest  following the sale of Carlson Hotels Inc. to HNA, participate in the Board’s  processing of, or any other resolutions concerning, the Offer. The remaining  members of the Board, being Staffan Bohman, Anders Moberg, Charlotte Strömberg  and Göran Larsson, have for the purposes of the Offer appointed Staffan Bohman  as chairman.

The  Board has engaged SEB Corporate Finance as financial advisor and Gernandt &  Danielsson Advokatbyrå as legal advisor in relation to the Offer. The Board has  further appointed DNB Markets to provide a fairness opinion in relation to the  Offer.

For  further information regarding the Offer, please refer to HNA’s press release  announcing the Offer, which is available at www.hnagroup.com.

SOURCE: The Rezidor Hotel Group

For  further information, please contact:
Knut Kleiven, Deputy President & CFO at knut.kleiven@rezidor.com.

This  information is information that Rezidor Hotel Group AB (publ) is obliged to  make public pursuant to the EU Market Abuse Regulation. The information was  submitted for publication, through the agency of the contact person set out  above, on 23 December 2016 at [0750] CET.

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