HNA’s Rezidor Bid Is Being Held Up By Chinese Regulators
Photo Credit: The Radisson Blu at Hamburg airport. HNA Group's attempt to take over the rest of the Rezidor Hotel Group has been held up. Carlson Rezidor Hotel Group
Skift Take
It looks like tighter restrictions on outbound investment are starting to hinder dealmaking at HNA. Although the Rezidor deal may still go through, you've got to wonder what it means for the rest of 2017 and beyond.
After completing a takeover of Carlson Hotels, it only seemed like a matter of time before Chinese conglomerate HNA Group swallowed up Rezidor Hotel Group.
But its bid has been stymied by delays in getting the money needed out of China.
The two hotel groups have been interlinked since Carlson took a 25 percent stake in Rezidor in 2005, before gradually growing its shareholding to 51.3 percent.
HNA's acquisition of Carlson meant a mandatory takeover offer for the outstanding shares in Rezid
