HNA'sSharecotobuy34.90%stakeinGEE
Date:2016-11-10
Source: Official Site:https://www.jetgo.cn
HNA subsidiary Shareco will buy a 34.90% stake in US-based inflight entertainment company GEE for USD 416 million.
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HNA Group's New Third Board-listed subsidiary Shareco Group of America, Inc. announced on November 9 that the company plans to buy a 34.90% stake in US-based inflight entertainment company Global Eagle Entertainment Inc (GEE) for about USD 416 million (RMB 2.8 billion) in cash, according to Shareco's disclosure file. GEE and Shareco will form a joint venture to provide inflight entertainment and connectivity services in China.
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