On April 10, 2016, HNA Group and gategroup announced that they signed a transaction agreement pursuant to which HNA Group will launch an all-cash public tender offer for all publicly held registered shares of gategroup Holding AG. The tender offer will be made at CHF 53 per share. In addition, the offer allows pay-out of the ordinary dividend of CHF 0.30 to be resolved by the shareholders' meeting of gategroup. The offer values the company at approx. CHF 1.4 bn. The board of directors of gategroup recommends the offer. The offer is subject to customary conditions.

Gategroup was advised by Homburger in all legal aspects of this transaction. Partners Daniel Daeniker and Frank Gerhard (both Corporate | M&A) led the Homburger team and advised gategroup together with associates Guy Deillon and Nathalie Högger (both Corporate | M&A) as well as partner Marcel Dietrich and associates Richard Stäuber, Kerstin Schiwow, Magdalena Heyder and Sabrina Zimmermann (all Competition | Regulatory).