China’s HNA Group, parent of Hainan Airlines, has acquired 61.7% of Swiss airline catering and logistics services company Gategroup—and 63.6% of the voting rights and shares as of July 1—which is sufficient for its takeover bid. Under terms of the deal, HNA will pay 53 Swiss francs ($54.22) for each share of Gategroup, which has received approval from Gategroup’s board. HNA said in a statement it is pleased about the interim result and remains confident that more ...

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