Cerberus to pursue HNA’s $3bn Swissport unit

Bloomberg

Cerberus Capital Management is among parties holding talks to acquire a stake in Swissport Group as embattled Chinese conglomerate HNA Group Co. weighs options for the airport luggage handler, people with knowledge of the matter said.
HNA is working with advisers to explore possibilities for Swissport including the sale of a majority stake in the business, according to the people.
Swissport could be valued at about $3 billion in a deal, the people said, asking not to be identified because the information is private.
Swissport has also attracted interest from other suitors, the people said.

Leave a Reply

Send this to a friend