The European Union (EU) regulators have greenlighted the acquisition of Swiss Gategroup by Chinese conglomerate HNA Group, the EU said on Wednesday.
The European Commission, the bloc's executive body, in a statement said that the acquisition would "raise no competition concerns because of its limited impact on the market structure."
HNA Group, founded in 1993, is a Chinese conglomerate encompassing core divisions of aviation, holdings, capital, tourism and logistics.
Gategroup provides catering services and retail on-board aircrafts and other related ancillary activities such as on-board service equipment and supply chain and logistics solutions or management of airport lounges.
