Hogg Robinson Acquires Remaining Shares of Hong Kong JV

Hogg Robinson Group, an international corporate services company, has acquired the shares which it did not already own in HRG Hong Kong, a joint venture business in which HRG was a 51% shareholder alongside Westminster Travel Limited who owned a minority interest of 49%.

HRG now owns 100% of the business.

David Radcliffe, Chief Executive of HRG, said, "I am obviously very pleased to be making public our purchase of the remaining shares in this joint venture and in seeing HRG Hong Kong become one of our wholly owned businesses. This announcement follows a review of our investment and presence in this increasingly important part of the world and reinforces our commitment to the Asia Pacific markets. It will help us present our international clients with further seamless opportunities as we consolidate and maximise their expenditure across the globe."