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HNA-gategroup merger review expected to close in Brazil

By Ana Paula Candil ( August 19, 2016, 22:36 GMT | Insight) -- The review of HNA Group's takeover of catering company gategroup is expected to close, following a finding by the Brazilian competition agency that the Chinese conglomerate doesn't meet the merger threshold for reporting deals, MLex has learned. This week, the agency ruled that a deal involving HNA and Carlson Hotels didn't require government approval because HNA doesn't generate revenues of more than 750 million reais, a prerequisite for reportable transactions.The review of HNA Group's takeover of catering company gategroup is expected to close, following a finding by the Brazilian competition agency that the Chinese conglomerate doesn't meet the merger threshold for reporting deals, MLex has learned....

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