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Deal between Radisson Hospitality AB and Jin Jiang International Holdings Co., Ltd by 18 January 2019

The Independent Committee of the Board of Directors of Radisson is evaluating the mandatory public offer from a consortium led by Jin Jiang International Holdings Co., Ltd., including SINO-CEE Fund, through Aplite Holdings AB.

In August 2018, Jin Jiang agreed to purchase 100% of Radisson Holdings and 51.5% of the outstanding shares of Radisson Hospitality AB.

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Completion of the acquisition was subject to regulatory approvals and other customary closing conditions. These conditions were met in November.

As a result, Aplite Holdings AB (Purchaser) completed the acquisition of 87,552,187 shares of Radisson AB of Radisson Hospitality Inc. representing 50.21% of the shares of Radisson AB.

On December,11, the joint acquisition vehicle Aplite Holdings AB, announced a mandatory public offer to the shareholders of Radisson to sell all of their shares in Radisson to the Consortium for a consideration of SEK 40 in cash per share (before dividends).
No later than January 18, the Independent Committee will, in accordance with Nasdaq Stockholm’s Takeover Rules, evaluate the Offer and announce its view on the Offer.

Also read : Jin Jiang acquires 50.21% of Radisson AB


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