HNA Group acquires Swissport Group
On July 30, 2015, HNA Group Co. Ltd., a Fortune 500 company and a leader in aviation and tourism, and PAI Partners SAS have entered into a binding agreement regarding the acquisition of the Swissport Group by HNA Group Co. Ltd. The total transaction value is CHF 2.73 billion. The transaction is subject to customary regulatory and anti-trust approvals. Closing is expected to occur by the end of this year.
Lenz & Staehelin advises HNA Group Co. Ltd. in this transaction as to matters of Swiss law. The team includes partner Hans-Jakob Diem (Corporate) as well as associates Stefan Scherrer (Corporate) and Eliane Benjamin Employment and Pensions).