欧美日韩一卡2卡三卡4卡 乱码欧美孕交-国产男小鲜肉同志免费-国产ww久久久久久久久久-久久久久久久性潮

海航集團(tuán)收購Dufry16.79%股份!

大交通 本文作者:MoodieDavitt 2017-04-29
近日,Dufry發(fā)布消息稱,HNA Group(海航集團(tuán))購入其股份已經(jīng)超過15%的臨界值,其和第三方達(dá)成協(xié)議收購瑞士旅游零售巨頭——Dufry16.79%的股份!

收購背景介紹

據(jù)報(bào)道,中國航空休閑巨頭海航集團(tuán)于今年3月與Dufry主權(quán)財(cái)富基金股東GIC以及新加坡基金淡馬錫談?wù)摿岁P(guān)于投資世界最大旅游零售公司的問題。

投資界可靠消息向The Moodie Davitt Report確認(rèn)了這個(gè)消息。華爾街日?qǐng)?bào)在這周也報(bào)道了相關(guān)消息。 兩個(gè)新加坡基金總共持有Dufry超過16%的股份。

據(jù)報(bào)道,海航集團(tuán)達(dá)到3%的股份時(shí)必須做一個(gè)公開披露。然而瑞士收購規(guī)則稱必要的披露只需等到持股高達(dá)33.01%后才進(jìn)行。

直到現(xiàn)在Dufry也沒有收到來自HNA的消息,導(dǎo)致了投資界不確定這個(gè)中國集團(tuán)的收購意圖??紤]到Dufry的股權(quán)結(jié)構(gòu)和中國海外投資限制,惡意收購是十分難以實(shí)現(xiàn)的,而且從海航的交易歷史看這幾乎是不可能的。

最初來源認(rèn)為,最有可能的情況是海航集團(tuán)想通過增加對(duì)世界上最大的旅游零售公司的影響來尋求擴(kuò)大其在旅游服務(wù)鏈的地位。(It already owns gategroup; Carlson Hotels; a 25% stake in Hilton Worldwide Holdings; CIT Group’s aircraft leasing business; 13% of Virgin Australia; 23.7% of Azul Brazilian Airlines; and airport luggage handler Swissport International)

這樣的立場對(duì)其額外的好處是它是其他集團(tuán)在未來更加控制Dufry。隨著今天的爆炸性新聞,那個(gè)“怪獸”現(xiàn)在出現(xiàn)了。

Dufry集團(tuán)簡介

List of Dufry shareholders, taken from its Annual Report 2016

HNA Group’s stake gives the ambitious Chinese aviation-to-leisure services giant a position of major influence in the world’s largest travel retailer; 

Source: The Moodie Davitt Report

作為世界旅游零售業(yè)領(lǐng)導(dǎo)者,Dufry有限公司于1865年成立,其總部位于Basel, Switzerland,并在瑞士和巴西公開上市。Dufry在機(jī)場、郵輪、海港、火車站和城市旅游景點(diǎn)擁有大約2200家免稅店,雇傭了近29000位員工。

Dufry是唯一一個(gè)直接在世界5大洲64個(gè)國家運(yùn)營的旅游零售公司,其聯(lián)盟和收購使得Dufry這個(gè)行業(yè)領(lǐng)頭羊能為顧客和品牌提供無可比擬的產(chǎn)業(yè)網(wǎng)。其國際化程度也使其擁有豐富的見解和專業(yè)知識(shí),并能運(yùn)用于本土市場管理當(dāng)中。

據(jù)投資行業(yè)研究顯示,世界第一大免稅集團(tuán)的Dufry集團(tuán),它的由小到大,是經(jīng)歷了一段為期十年的兼并收購,橫向擴(kuò)張、銷售額迅速做大的過程。隨著銷售額擴(kuò)大,Dufry集團(tuán)免稅業(yè)務(wù)毛利率由2004年的50.6%,上升到2016年的70.7%(DFE:似乎有點(diǎn)高?。。?/p>

From The Moodie Davitt Report May Print Edition,
out in coming days

I’m not normally one for predictions but I’ll make one here. The acquisitive, Hainan-based conglomerate HNA Group has pulled off a flurry of major acquisitions in recent times and I believe travel retail will be among its next power plays.

Don’t forget either that at its 28 October 2016 board meeting, CDFG parent China International Travel Service voted to create a joint venture with Hainan Duty Free. And Hainan Duty Free (full name HNDF Haikou Meilan Airport Duty Free Shop) is a provincial government and private partnership between Hainan Provincial Duty Free Company Limited and none other than HNA Group. Just think of the possible permutations among that network of relationships.

“Piecing together a jigsaw puzzle”

When it reported HNA Group’s US$6.5 billion bid for a 25% stake in the Hilton hotel chain last October, the Financial Times (FT) said the deal “cemented its reputation as one of China’s most acquisitive groups”.

In under two years the privately controlled company had announced foreign and domestic transactions worth over US$33 billion (see acquisition trail above), the FT noted — half spent offshore, according to data provider Dealogic — as it forged a global empire with interests spanning aviation, logistics and tourism.

The FT commented: “Begun in 1989 as a private airline on the tropical island of Hainan, HNA’s buying spree shows no sign of slowing. Founder Chen Feng, a former employee of China’s state civil aviation administration, has transformed Hainan Airlines, the group’s flagship company, from a two-jet operation into the country’s fourth-largest airline and has built a sprawling conglomerate.

“While Mr Chen has largely ceded control of the group’s day-to-day operations to his co-chairman, Wang Jian, and chief executive Adam Tan, the Hilton acquisition is a key piece of his plan to profit from Chinese tourists as they travel around the world.”

The FI cited a source close to HNA saying, “The vision is to be a vertically integrated aviation and tourist group. They are buying different pieces and putting it together like a jigsaw puzzle.”

Not only is HNA acquiring a large piece of Dufry but also, it appearsa, another key piece of that puzzle.

*本文來源:Moodie Davitt,原標(biāo)題:《【重磅】海航集團(tuán)收購Dufry16.79%股份!


【號(hào)外】想要捕捉文旅大消費(fèi)行業(yè)風(fēng)向標(biāo)?想要了解最前沿的文旅跨界創(chuàng)新?想要學(xué)習(xí)行業(yè)大佬最新的干貨分享?想要與行業(yè)精英現(xiàn)場互動(dòng)深入交流?來“2017中國文旅大消費(fèi)創(chuàng)新峰會(huì)”吧!6月13-14日,北京·國際會(huì)議中心,文旅大消費(fèi)頂級(jí)內(nèi)容盛宴等你來!了解會(huì)議詳情&報(bào)名請(qǐng)戳:我要報(bào)名提前報(bào)名有優(yōu)惠? 

版權(quán)聲明
執(zhí)惠本著「干貨、深度、角度、客觀」的原則發(fā)布行業(yè)深度文章。如果您想第一時(shí)間獲取旅游大消費(fèi)行業(yè)重量級(jí)文章或與執(zhí)惠互動(dòng),請(qǐng)?jiān)谖⑿殴娞?hào)中搜索「執(zhí)惠」并添加關(guān)注。歡迎投稿,共同推動(dòng)中國旅游大消費(fèi)產(chǎn)業(yè)鏈升級(jí)。投稿或?qū)で髨?bào)道請(qǐng)發(fā)郵件至執(zhí)惠編輯部郵箱zjz@tripvivid.com,審閱通過后文章將以最快速度發(fā)布并會(huì)附上您的姓名及單位。執(zhí)惠發(fā)布的文章僅代表作者個(gè)人看法,不代表執(zhí)惠觀點(diǎn)。關(guān)于投融資信息,執(zhí)惠旅游會(huì)盡量核實(shí),不為投融資行為做任何背書。執(zhí)惠尊重行業(yè)規(guī)范,轉(zhuǎn)載都注明作者和來源,特別提醒,如果文章轉(zhuǎn)載涉及版權(quán)問題,請(qǐng)您及時(shí)和我們聯(lián)系刪除。執(zhí)惠的原創(chuàng)文章亦歡迎轉(zhuǎn)載,但請(qǐng)務(wù)必注明作者和「來源:執(zhí)惠」,任何不尊重原創(chuàng)的行為都將受到嚴(yán)厲追責(zé)。
本文來源執(zhí)惠,版權(quán)歸原作者所有。
發(fā)表評(píng)論
后發(fā)表評(píng)論
最新文章
查看更多
# 熱搜詞 #

新用戶登錄后自動(dòng)創(chuàng)建賬號(hào)

登錄表示你已閱讀并同意《執(zhí)惠用戶協(xié)議》 注冊(cè)

找回密碼

注冊(cè)賬號(hào)