HNA to Settle Gategroup Offer This Year After 95.3% Acceptances

  • Chinese conglomerate extended offer period through July 21
  • Payment for shares to be made in third or fourth quarter

HNA Group Co. gained 95.3 percent of Gategroup Holding AG at the close of its 1.4 billion-franc ($1.4 billion) offer for the world’s second-biggest airline caterer and expects the deal to be settled before the end of this year.

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