BRIEF-Pioneer Global Group buys 20 pct stake in InterContinental, Hong Kong
March 29 Pioneer Global Group Ltd:
* On 28 March 2017 (after trading hours), Uniever entered into agreements with vendor
* Deal for consideration of US$118.4 million
* Agreement to acquire additional 20% equity interest of Hotel Investment Company
* Deal to acquire additional 20% equity interest (which consists of share capital and shareholder loan) of Hotel Investment Company
* Vendor is Panorama International Trading Limited, a company incorporated in British Virgin Islands
* Application has been made to stock exchange for resumption of trading of shares in company on 29 March Source text for Eikon: Further company coverage: