Carlson announces sale of Carlson Hotels Inc to the Chinese Group HNA

BRUSSELS, BELGIUM, 2016-May-03 — /Travel PR News/ — Yesterday (27 Apr 2016), Carlson has announced the sale of Carlson Hotels Inc to the Chinese Group HNA. This transaction includes the Carlson stake in Rezidor Hotel Group AB, representing 51.3% of shares outstanding. The transaction is subject to receipt of applicable regulatory approvals.

Rezidor Hotel Group AB (Rezidor) notes that Carlson has agreed to divest its hotel operations. Rezidor has no further information regarding the transaction or HNA’s intentions with its holding in Rezidor following completion of the transaction or a possible offer to Rezidor’s other shareholders. Rezidor assumes that this will be clarified in the near future and welcomes HNA as the new majority shareholder.

Rezidor has appointed SEB Corporate Finance as financial advisor and Gernandt & Danielsson Advokatbyrå as legal advisor to assist the company in connection with the current situation.

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

Rezidor discloses the information provided herein pursuant to the Securities Market Act and the Takeover Rules. The information was submitted for publication on 28 April 2016 at 08.45 a.m. CET.