M.8126 - Hna Group / Carlson Hotels

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Disclaimer : The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein. M.8126 - HNA GROUP / CARLSON HOTELS SECTION 1.2 Description of the concentration The notified transaction involves the proposed acquisition 23. by HNA Group Co., Ltd. ("HNA Group") of sole control over Carlson Hotels, Inc. ("Carlson Hotels") within the meaning or Article 3(1)(b) of the Merger Regulation. By means of the proposed acquisition, HNA Group -through its wholly- owned subsidiary HNA Tourism Group Co., LTD- will acquire from Carlson Hospitality Group, Inc. all of the shares in Carlson Hotels. HNA Group is a Chinese conglomerate encompassing core divisions of aviation, real estate holdings, capital/financial services, tourism, and shipping/food cold chain logistics. The core focus of the HNA Group is China and the Asia region, with some activities in the EU (in particular, through its recent acquisition of sole control over Swissport). Carlson Hotels is a privately owned corporation incorporated in the state of Minnesota, USA. It is active globally in the hotels sector. Carlson Hotels also holds approximately 51.3% of the shares in Rezidor Hotel Group AB ("Rezidor"), a public company listed on NASDAQ OMX Stockholm, which licenses hotel brands from Carlson Hotels in Europe, the Middle East and Africa. The notified transaction concerns the market for the provision of hotel services. .

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