Exclusive: HNA considers float of cargo handler Swissport - sources

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Reuters FRANKFURT
Last Updated : Jan 24 2018 | 4:45 PM IST

By Arno Schuetze, Andres González and Oliver Hirt

FRANKFURT (Reuters) - Heavily indebted Chinese conglomerate HNA is considering options including an initial public offering for its cargo handler Swissport as it seeks to put its finances on a new footing, people close to the matter said.

A process to list or sell the company could start as early as the second quarter, they said, adding that HNA is hoping to reap a valuation of at least 2.7 billion Swiss francs ($2.84 billion) for the company, the price they paid for it in 2015.

Rothschild is advising HNA on the matter, they added.

HNA was not immediately available for comment. Rothschild declined to comment.

($1 = 0.9511 Swiss francs)

(Additional reporting by Kane Wu; Editing by Maria Sheahan)

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First Published: Jan 24 2018 | 4:43 PM IST

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