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Jin Jiang International led consortium completes acquisition of majority stake in Radisson Hospitality Inc.

Jin Jiang International Holdings led international consortium, including SINO─CEE Fund, announced the completion of acquisition of majority share Radisson Hospitality Inc. The Consortium had entered into agreements with Radisson Hospitality Inc. and HNA Sweden Hospitality Management AB, an indirectly wholly─owned subsidiary of HNA Tourism Group Co., Ltd., respectively, to acquire shares in Radisson Hospitality AB. The purchase price under the agreements is SEK 35.00 per share.

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