Switzerland’s Gategroup announced on Tuesday that it was exploring a public offering of its shares just days after the country’s takeover watchdog censured its Chinese owner HNA Group for providing “untrue or incomplete” information when it acquired the air-services company.
The disclosure came hours after HNA chief executive Adam Tan told a media gathering in Beijing that his company was looking at a 2018 listing of Gategroup, Bloomberg reported.
Gategroup said in its statement that it was evaluating a potential return to public markets and considering the SIX Swiss Exchange in Zurich as its listing venue. It cited Mr Tan’s earlier comments, in which he also said he would consider selling overseas investments in property and other sectors.