Chinese regulators hold up HNA’s Rezidor bid
After completing a takeover of Carlson Hotels, HNA's bid on Rezidor Hotel Group has been stymied by delays in getting the money needed out of China.
HNA is one of a number of Chinese companies that have taken a keen interest in mergers and acquisitions activity within the tourism and hospitality sector. HNA currently owns 25.4 percent of Hilton Worldwide’s common stock.
However, at the end of last year speculation grew that the Chinese government would start restricting the ability of companies to take money out of the country to fund deals.
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