Chinese HNA Group acquired stake in Swiss firm Dufry
Chinese investment firm HNA Group has boosted their stake in Swiss airport retailer Dufry AG to 20.92 percent with a recent acquisition of a 16.2 percent stake valued to be at $1.4 billion.
A Swiss-based travel retailer that was founded in 1865 and headquartered in Basel, Swizerland, Dufry AG has about 2,200 duty-free and duty-paid shops in various locations in more than 60 countries worldwide. (HNA Group was founded in 2000 and is based in Haikou, China. They are involved in industries like aviation, financial services, real estate, tourism, logistics and more.)
HNA Group is listed in the Chinese Private Equity and Venture Capital Directory with the code SE598
More details follow from Reuters:
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