BRUSSELS, Belgium — Aplite Holdings AB — the joint-acquisition vehicle of a consortium led by Jin Jiang International Holdings Co., Ltd. — is set to commence a squeeze-out procedure to acquire the remaining shares of Radisson Hospitality AB. Subsequently, Radisson’s board of directors has resolved to apply for de-listing of the Stockholm-listed company’s shares.
Earlier this month, Aplite announced that it had acquired 94.1 per cent of the shares and votes in Radisson — continuing a multi-part transaction set in motion in August 2018. The consortium initially acquired approximately 50 per cent of Radisson from subsidiaries of Beijing-based HNA Tourism Group Co., Ltd. in November 2018.
The last day of trading in Radisson’s shares will be announced when the company has received confirmation from Nasdaq Stockholm.