HNA Has Holdings in Deutsche Bank, NH Hotel, Dufry, Hilton
Bank of America has told investment bankers to stop working on transactions with HNA Group for now, amid growing concerns about the Chinese conglomerate’s debt levels and ownership structure, according to people familiar with the matter.
- HNA and its units are exposed to various stocks including a 9.9% stake inDeutsche Bank, 29.5% in NH Hotel, 20.9% of Dufry, 10.4% of OM Asset Management, 11.7% in Dorian, 15.9% in Red Lion Hotels, 25.4% in Hilton Worldwide, ~25% in Park Hotels & Resorts, ~25% in Hilton Grand Vacations, 10% in Pierre & Vacances, 98% in C-Quadrat and ~70.4% interest inRezidor: filings, Bloomberg data
- HNA acquired Gategroup in Dec. 2016, and bought privately held Swissport from PAI Partners in the same year
- NOTE: June 2: HNA postponed settlement for Rezidor shareholders
- May 5: UBS said to finance over EU2b of HNA’s Deutsche Bank stock buy
- May 4: Deutsche Bank investor HNA became the majority owner of C-Quadrat