Come anticipato qualche mese fa qui: http://www.aviazionecivile.org/vb/s...Perform-2020?p=1747919&viewfull=1#post1747919
Il management AFKL ha ufficializzato la vendita del 49,99% di Servair al gruppo cinese HNA proprietario di Gategroup per €237.5mln, creando cosi' il leader mondiale di catering per numero di compagnie servite e per ricavi.
AIR FRANCE - KLM finalizes the transaction to sell 49.99% of the Servair share capital and transfer its operational control to gategroup
Roissy, 29 December 2016
Air France-KLM finalizes the transaction to sell 49.99% of the Servair share capital and transfer its operational control to airline catering company gategroup.
Following the acquisition of gategroup by HNA on 22 December 2016, Air France and gategroup yesterday finalized the agreement for the sale to gategroup of 49.99% of the Servair share capital and the transfer of its operational control for an enterprise value of 475 million euros (100% basis). This sale will be effective as of 30 December 2016, and the new Board of Directors controlled by gategroup will take office as of 1 January 2017.
Through this transaction, Air France provides Servair with the resources required for its future growth to enable the company to maintain the highest standards in the airline catering industry globally, thanks to its industrial partnership with a leading player. The combination of Servair and gategroup will create the global number one in inflight catering, supported by the assets, expertise and networks of the two companies. With more than 200 facilities and 39,000 employees, the new entity will be able to accelerate the introduction of innovative products and services and create an unprecedented offer at the service of more than 300 airline customers.
Thanks to this transaction, 9,500 Servair employees will see their company's prospects reinforced.
With this transaction, Air France pursues the refocusing on its core businesses and its debt reduction strategy. The structure of the transaction will also enable Air France to account 50% of Servair's net result using the equity method.
http://www.nasdaq.com/press-release...tal-and-transfer-20161229-00005#ixzz4UPKYmKDn
This $248 Million Deal Would Create a New Giant in Airline Catering
Swiss airline catering company Gategroup Holding (GGRUF, -6.27%) said on Thursday it was buying Air France KLM's (AFLYY, -2.55%) catering business Servair for 237.5 million euros ($248.31 million), including debt, to create the world's leading inflight catering group.
After the deal, Gategroup will be serving more than 300 airline customers and expects annual revenue to exceed 4.4 billion Swiss francs ($4.29 billion), the group said in a statement.
The enterprise value of 237.5 million euros is based on a 50% stake in Servair, Gategroup said.
Air France-KLM said in May it was entering exclusive negotiations with Gategroup's parent Chinese aviation and shipping conglomerate HNA Group to sell a stake in Servair and transfer operational control to HNA.
Gategroup said it would finance the acquisition initially through a bridge facility which would be replaced by a capital market transaction likely to be in the first half of 2017.
Gategroup said Lazard was acting as its financial adviser on the deal.
HNA Group bought Gategroup in a $1.5 billion deal earlier this year.
http://fortune.com/2016/12/29/air-france-klm-gategroup-catering/
Il management AFKL ha ufficializzato la vendita del 49,99% di Servair al gruppo cinese HNA proprietario di Gategroup per €237.5mln, creando cosi' il leader mondiale di catering per numero di compagnie servite e per ricavi.
AIR FRANCE - KLM finalizes the transaction to sell 49.99% of the Servair share capital and transfer its operational control to gategroup
Roissy, 29 December 2016
Air France-KLM finalizes the transaction to sell 49.99% of the Servair share capital and transfer its operational control to airline catering company gategroup.
Following the acquisition of gategroup by HNA on 22 December 2016, Air France and gategroup yesterday finalized the agreement for the sale to gategroup of 49.99% of the Servair share capital and the transfer of its operational control for an enterprise value of 475 million euros (100% basis). This sale will be effective as of 30 December 2016, and the new Board of Directors controlled by gategroup will take office as of 1 January 2017.
Through this transaction, Air France provides Servair with the resources required for its future growth to enable the company to maintain the highest standards in the airline catering industry globally, thanks to its industrial partnership with a leading player. The combination of Servair and gategroup will create the global number one in inflight catering, supported by the assets, expertise and networks of the two companies. With more than 200 facilities and 39,000 employees, the new entity will be able to accelerate the introduction of innovative products and services and create an unprecedented offer at the service of more than 300 airline customers.
Thanks to this transaction, 9,500 Servair employees will see their company's prospects reinforced.
With this transaction, Air France pursues the refocusing on its core businesses and its debt reduction strategy. The structure of the transaction will also enable Air France to account 50% of Servair's net result using the equity method.
http://www.nasdaq.com/press-release...tal-and-transfer-20161229-00005#ixzz4UPKYmKDn
This $248 Million Deal Would Create a New Giant in Airline Catering
Swiss airline catering company Gategroup Holding (GGRUF, -6.27%) said on Thursday it was buying Air France KLM's (AFLYY, -2.55%) catering business Servair for 237.5 million euros ($248.31 million), including debt, to create the world's leading inflight catering group.
After the deal, Gategroup will be serving more than 300 airline customers and expects annual revenue to exceed 4.4 billion Swiss francs ($4.29 billion), the group said in a statement.
The enterprise value of 237.5 million euros is based on a 50% stake in Servair, Gategroup said.
Air France-KLM said in May it was entering exclusive negotiations with Gategroup's parent Chinese aviation and shipping conglomerate HNA Group to sell a stake in Servair and transfer operational control to HNA.
Gategroup said it would finance the acquisition initially through a bridge facility which would be replaced by a capital market transaction likely to be in the first half of 2017.
Gategroup said Lazard was acting as its financial adviser on the deal.
HNA Group bought Gategroup in a $1.5 billion deal earlier this year.
http://fortune.com/2016/12/29/air-france-klm-gategroup-catering/
