Kempinski gears up to celebrate 120-year anniversary with reinforced shareholder commitment
Geneva, Switzerland – 16 February 2017 –
Kempinski AG announced today a further step forward in reinforcing the company’s long-term strategy of remaining an independent European luxury hospitality management group.
Effective today, the two existing shareholders of Kempinski AG formalize previous plans for an equity transfer between them. The majority shares of Kempinski AG shall be held by the existing Bahraini shareholder while the shareholder from Thailand will now own a minority. Both shareholders remain committed to Kempinski and its long-term success. “In an industry facing increasing consolidation, we are privileged that the commitment of … Read More