Home > Airlines > Air France-KLM in talks to sell stake in catering unit to HNA

Air France-KLM in talks to sell stake in catering unit to HNA

05/31/2016| 9:12:16 AM| 中文

Air France-KLM is in talks to sell 49.99% of Servair and transfer operational control to HNA Group

Air France-KLM is entering exclusive negotiations with China's HNA Group to sell a stake in its catering business Servair, the Franco-Dutch airline group said on Monday.

A deal to sell 49.99 percent of Servair and transfer operational control to HNA would be based on an enterprise value of the catering unit of 475 million euros ($528.87 million), Air France said.

Aviation and shipping conglomerate HNA stepped up its global expansion by agreeing in April an all-cash deal to buy Swiss airline catering business Gategroup Holdings (GATE.S) for $1.5 billion.

"Subject to HNA's acquisition of Gategroup, Air France and HNA intend to create the leading platform in the inflight catering business," Air France said in a statement.

Read original article

TAGS: Servair | Air France-KLM | HNA Group
©2016 广州力矩资讯科技有限公司 粤ICP备06070077号-2
Tell us more about yourself!