December 29, 2016 / 6:37 AM / a year ago

BRIEF-Gategroup Holding buys Servair

Dec 29 (Reuters) - Gategroup Holding AG :

* Gategroup takes control over Servair on Jan. 1, 2017

* Acquires 50 percent minus 1 share in Servair for an enterprise value of 237,5 million euros ($2.48 billion) (on a 50 percent basis)

* Transaction to be solely financed by Gategroup, initially through a bridge facility to be replaced by a capital market transaction envisaged in first half of 2017

* Annual revenue following the acquisition projected to exceed 4.4 billion Swiss francs ($4.29 billion) Source text for Eikon: Further company coverage: ($1 = 0.9568 euros) ($1 = 1.0255 Swiss francs) (Gdynia Newsroom)

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