Carlson Hotels Worldwide Acquires Additional Shares in Rezidor Hotel Group From SAS Group, Increasing Its Ownership Stake in Rezidor to 41.7 Per Cent.
PR Newswire Europe, May, 2007
MINNEAPOLIS, May 25 /PRNewswire/ --
Carlson Hotels Worldwide, which owns 35 per cent of Brussels-based Rezidor Hotel Group AB ("Rezidor"), today announced that it is acquiring an additional 10,117,200 Rezidor shares representing 6.7 per cent of the company ownership from SAS Group of Stockholm. The acquisition of the additional shares brings Carlson's ownership of Rezidor to 41.7 per cent.
The price paid was based on the average closing price traded in the period May 18 to May 24 equaling SEK 57.70 (US$8.43) per share or a total of SEK 583,762,440 (US$85,258,504). After the transaction SAS Group will not hold any remaining shares in Rezidor.
The 6.7% SAS holding is a residual stake following the successful IPO of Rezidor in November 2006. As...
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