CHINAEUROPE AFRICAASIA 中文双语Français
Business\Companies

Chinese HNA Group buys German airport

Xinhua | Updated: 2017-08-11 09:31
BERLIN - The German state of Rhineland-Palatinate has finalized the sale of Frankfurt-Hahn airport to the Chinese conglomerate HNA, HNA confirmed on Thursday.

HNA Group has agreed to pay 15.1 million euros ($17.7 million) for an 82.5-percent share of the airport.

The acquisition defies fears that recently passed stricter regulation on inbound investment in Germany and outbound investment in China would dent Chinese international mergers and acquisition activity.

In April, the regional assembly of Rhineland-Palatinate had voted in favor of the plans to sell the public asset. The state's interior minister Roger Lewentz (SPD) expressed his conviction that a "good partner" had been found in HNA at the time.
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US