By Pamela Barbaglia, Clara Denina and Arno Schuetze
By Pamela Barbaglia, Clara Denina and Arno Schuetze
LONDON/FRANKFURT, Feb 5 (Reuters) – China’s HNA Group is resuming efforts to discover a purchaser for airport baggage handler Swissport regardless of dealing with a lack of a number of hundred million {dollars} on its preliminary $2.eight billion funding, 4 sources conversant in the matter advised Reuters.
The Chinese language conglomerate has rekindled talks with a number of heavyweight funding funds because it wants to lift money to chop its money owed, the sources stated.
Rothschild helps HNA determine potential bidders, who’re hoping to purchase the Zurich-based enterprise on a budget after earlier makes an attempt to promote it stalled final yr, the sources stated, talking on situation of anonymity as a result of the method isn’t public.
U.S. buyout funds Apollo International Administration Inc APO.N and Cerberus CBS.UL in addition to Canadian asset supervisor Brookfield BAMa.TO have come ahead to revisit a doable acquisition of Swissport, the sources stated.
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