HNA Group, Bravia Capital buy stake in Turkey's ACT Airlines
Chinese conglomerate HNA Group, with Bravia Capital, are to jointly acquire a significant minority stake in ACT Airlines, an air cargo operator based in Istanbul, for an undisclosed sum.
The transaction is set to expand HNA's geographic reach beyond China's borders. The group, which counts George Soros among its investors, currently manages China's fourth-largest airline carrier, Hainan...
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