China’s HNA Group subsidiary HNA Aviation Air Catering has increased its stake in Swiss airline catering and logistics services company Gategroup from 61.7% to 96.1% as it steps up its international pace. In April, HNA Group announced it would launch a bid for Gategroup. Earlier in July, the company said it would pay 53 Swiss francs ($54.22) for each share to acquire 61.7% of Gategroup, which has received approval from Gategroup’s board. The deal is expected to be completed at ...

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