Jebsen & Co. Ltd. along with Alexander Schütz and Cristobal Mendez de Vigo agreed to acquire C-QUADRAT Investment AG from HNA Group co., LTD on May 17, 2019. Alexander Schütz and Cristobal Mendez de Vigo are repurchasing C-QUADRAT Investment AG. Under the terms, Alexander Schütz and Cristobal Mendez de Vigo acquired a majority stake while Jebsen & Co. acquired a minority stake. The acquisition is subject to regulatory approvals.