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.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.