Jin Jianq-led consortium increased stake in Radisson Hotels to 100%.

Synopsis

A consortium led by China’s Jin Jiang International increased stake in Radisson Hotels, a Swedish hotel chain, to 100%. The transaction values Radisson at SEK7bn. The offer of SEK40 per share, represents a premium of about 10% to the stock’s closing price on Monday. The consortium had already acquired 50.21% stake in the company for SEK35 per share.

Principals

target

Radisson Hospitality

bidder

Jin Jiang International Hotels Development Co

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