Chinese group HNA Tourism Group Co, Ltd. completes the purchase of Carlson Hotels Inc. from Carlson Hospitality Group, Inc.

Chinese group HNA Tourism Group Co, Ltd. completes the purchase of Carlson Hotels Inc. from Carlson Hospitality Group, Inc.

 

BRUSSELS, Belgium, 2016-Dec-13 — /Travel PR News/ — Today (07 Dec 2016), the Chinese group HNA Tourism Group Co, Ltd. (“HNA”) announced the successful completion of its purchase of Carlson Hotels Inc. from Carlson Hospitality Group, Inc. This transaction includes Carlson’s stake in Rezidor Hotel Group AB (“Rezidor”), representing 51.3% of outstanding shares.

For further information related to the acquisition, please refer to:
http://mb.cision.com/Main/15255/2139729/601038.pdf

Please also refer to press release issued by Rezidor on 28 April 2016 when the transaction was first announced:
http://www.rezidor.com/phoenix.zhtml?c=205430&p=mediaRelease&ID=2162452

Rezidor notes that HNA is now under an obligation to either launch a mandatory tender offer for the remaining outstanding shares in Rezidor or sell down its ownership in Rezidor below thirty percent within four weeks from the completion, i.e. no later than 4 January 2017. Rezidor has not been provided with any further information regarding HNA’s intentions.

This information is information that Rezidor 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 7 December 2016 at 20.20 CET.

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

Source: Rezidor Hotel Group

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