Tags: Gategroup

HNA Agrees to Buy Airline Caterer Gategroup for $1.5 Billion

Chinese conglomerate HNA Group Co. agreed to buy Swiss airline catering company Gategroup Holding AG for 1.4 billion francs ($1.5 billion), as billionaire Chairman Chen Feng continues on an acquisition spree of aviation-related assets around the world. Gategroup shares jumped the most in almost seven years. Shareholders would get 53 francs a share as well […]