Chinese company acquires majority stake in Radisson
15 Nov 2018 - by
Radisson Hospitality has been acquired by Chinese consortium, Jin Jiang International Holdings. Jin Jiang bought 50,21% of the Swedish hotel group, making it the majority shareholder.
Jin Jiang owns significant stakes in major hotel groups such as AccorHotels and Louvre Hotels.
According to the Swedish Public Takeover Act, Jin Jiang now has until December 11 to make an offer on the remaining Radisson shares, or sell down its ownership to below 30%.