The announcement also came a day after Reuters reported that the U.S. government would not approve any HNA investments in the United States until the Chinese aviation-to-property conglomerate provides adequate information on who its shareholders are.
HNA said it had hired JP Morgan and Benedetto, Gartland and Company to look for possible buyers of its 29.5 percent stake in Spain’s NH Hotel Group (NHH.MC). The stake is valued at around 632 million euros at current prices.
Read the full article at reuters.com
Hospitality Net Editorial