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The Chinese conglomerate HNA could sell Swissport for 3 billion dollars

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Published on 16/08/18 - Updated on 17/03/22

HNA in Wangjing

The Chinese conglomerate HNA could see the New York investment fund Cerberus Capital invest in airport service provider Swissport, according to the Bloomberg agency.

The HNA group, which is also active in the hotel business, is said to have commissioned consultants to investigate options for Swissport, including the sale of a majority stake in the company. This sale could be close to 3 billion dollars according to Bloomberg.

Recently, HNA sold assets to repay its heavy debt through a series of multi-year purchases. The Chinese conglomerate sold interests in Park Hotels (25%) and Hilton Worldwide Holdings Inc. (26,1%).

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