Jin Jiang to acquire majority stake in Radisson

Radisson Hospitality has officially changed hands.

A consortium led by Shanghai's Jin Jiang and SINO-CEE Fund—a private equity fund incorporated in Luxembourg—entered into an agreement with Radisson Hospitality and HNA Sweden Hospitality Management AB—an indirectly wholly owned subsidiary of HNA Tourism Group—to acquire 50.21 percent of Radisson's shares. The acquisition was facilitated through Aplite Holdings AB, with 87,552,187 shares trading to the consortium for 35 Swedish Crowns per share, or US$3.86.