Asia/Pacific

HNA to buy Gategroup for $1.5bn

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HNA to buy Gategroup for $1.5bn

HNA Group has agreed to acquire airline catering company Gategroup Holding for 1.4 billion francs ($1.5 billion). Shareholders would receive 53 francs a share as well as the previously declared 30 centimes per share dividend, HNA said in a statement. The offer is about 20 percent more than the closi...

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