HNA targets global transport platform
Chinese Transportation conglomerate HNA Group, with its private equity partner Bravia Capital, last week completed back-to-back investments intended to strengthen its presence both in China and abroad – acquiring leading global container leasing business GE SeaCo and purchasing a significant minority stake in Turkish air cargo operator ACT Airline.
GE SeaCo, which claims to be the fifth-largest player in the global marine container leasing industry, was purchased for $2.5 billion, including debt. General Electric will receive $500 million for its...
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