Actis exists Plateno Hotel Group with sale of stake to JinJiang Hotels
Actis sold its minority stake in Plateno Hotel Group to Shanghai JinJiang International Hotels Development Co Ltd, a Shanghai A share listed subsidiary of the Chinese state-owned enterprise JinJiang Group. Plateno, formerly known as 7 Days Inn Group, is a Chinese budget and mid-range hotel chain. JinJiang Hotels has acquired an 81 perecent stake in Plateno at an enterprise value exceeding 10 billion yuan (approximately $1.53 billion) in a transaction including other selling shareholders.
29 February 2016•3 mins read
