Slaughter and May is advising HNA - acquisition of Tysan Holdings
Slaughter and May, Hong Kong, is advising HNA Finance I Co., Ltd. on the proposed acquisition of 66% of the issued share capital of Tysan Holdings Limited from Tides Holdings II, a company controlled by Blackstone. Tysan is listed on the Hong Kong Stock Exchange and is engaged in foundation filing, property development and property investment. Upon completion of the proposed acquisition, HNA Finance I will make a mandatory general offer for the entire issued share capital of Tysan other than the 66% already acquired from Blackstone. The total consideration for the acquisition and the general offer is approximately HK$3.96 billion.
HNA Finance I is a wholly-owned subsidiary of the HNA Group, a PRC conglomerate with businesses in aviation, holdings, capital, tourism and logistics.