March 26, 2018 / 10:36 AM / 3 months ago

HNA's Gategroup business scraps Swiss listing

ZURICH, March 26 (Reuters) - Airline caterer Gategroup, part of China’s cash-strapped conglomerate HNA Group, has ditched its plans to list on the Swiss stock exchange.

Gategroup said it would not pursue a flotation on the SIX Swiss exchange, citing a “a gap in valuation under current market conditions”. (Reporting by John Revill; Editing by Michael Shields)

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