Jin Jiang International Holdings Co., Ltd., including SINO-CEE Fund, through the joint acquisition vehicle Aplite Holdings AB
This statement is made by the independent committee[1] of the Board of Directors (the "Independent Committee") of Radisson Hospitality AB (publ) (the "Company" or "Radisson").
The Independent Committee of the Board of Directors of Radisson evaluates the mandatory public offer from a consortium led by Jin Jiang International Holdings Co., Ltd., including SINO-CEE Fund, through Aplite Holdings AB
The Independent Committee notes that a consortium led by Jin Jiang International Holdings Co., Ltd., including SINO-CEE Fund, through the joint acquisition vehicle Aplite Holdings AB (the "Consortium"), today on 11 December 2018 announced a mandatory public offer to the shareholders of Radisson to sell all of their shares in Radisson to the Consortium for a consideration of SEK 40 in cash per share (before dividends) (the "Offer").
The acceptance period of the Offer is expected to commence on 7 January 2019 and to expire on 1 February 2019, subject to any extensions. The Independent Committee will, in accordance with Nasdaq Stockholm's Takeover Rules, evaluate the Offer and announce its view on the Offer no later than two weeks before the end of the acceptance period, that is not later than 18 January 2019 under the preliminary timetable.
The Independent Committee has engaged Benedetto, Gartland & Company as financial advisor and Gernandt & Danielsson Advokatbyrå as legal advisor in relation to the Offer. Rothschild has been engaged to provide a so called fairness opinion.
Investor Relations Contacts:
ANDREAS SCHMID, Member of the Board of Directors and chair of the Independent Committee
KNUT KLEIVEN, Deputy President & CFO
[1] The Independent Committee consists of all members of the Board of Directors that are not dependent in relation to a Consortium member, hence the Independent Committee consist of Andreas Schmid (chair), Lo Kin Ching, Wolfgang M. Neumann, Thomas Staehelin, Göran Larsson and Ulf Petersson. The Independent Committee has been formed to evaluate the Offer and to handle and resolve on all matters relating to the Offer.
About Radisson Hotel Group
Radisson Hotel Group is one of the world's largest hotel groups with nine distinctive hotel brands, and more than 1,600 hotels in operation and under development in 120 countries. The Group's overarching brand promise is Every Moment Matters with a signature Yes I Can! service ethos.
The Radisson Hotel Group portfolio includes Radisson Collection, Radisson Blu, Radisson, Radisson RED, Radisson Individuals, Park Plaza, Park Inn by Radisson, Country Inn & Suites by Radisson, and prizeotel brought together under one commercial umbrella brand Radisson Hotels.
Radisson Rewards is our international rewards program that delivers unique and personalized ways to create memorable moments that matter to our guests. Radisson Rewards offers an exceptional experience for our guests, meeting planners, and travel agents at over 550 hotels in Europe, Middle East, Africa and Asia Pacific.
Radisson Meetings provides tailored solutions for any event or meeting, including hybrid solutions placing guests and their needs at the heart of its offer. Radisson Meetings is built around three strong service commitments: Personal, Professional and Memorable, while delivering on the brilliant basics and being uniquely 100% Carbon Neutral.
The health and safety of guests and team members remain a top priority for Radisson Hotel Group. All properties across the Group's portfolio are subject to stringent health and safety requirements, as outlined in the Radisson Hotels Safety Protocol.
More than 100,000 team members work at Radisson Hotel Group and at the hotels licensed to operate in its systems. For more information, visit our corporate website. Or connect with Radisson Hotels on:
