Bloomberg

(Bloomberg) -- Chinese conglomerate HNA Group Co. agreed to buy Swiss airline catering company Gategroup Holding AG for 1.4 billion francs ($1.5 billion).

Shareholders would get 53 francs a share as well as the previously declared 30 centimes per share dividend, HNA said in a statement Monday. That’s about 20 percent more than the closing price Friday.

To contact the reporter on this story: Thomas Mulier in Geneva at tmulier@bloomberg.net. To contact the editors responsible for this story: Matthew Boyle at mboyle20@bloomberg.net, Thomas Mulier

©2016 Bloomberg L.P.

bloomberg

 Bloomberg