PAI Partners to sell air cargo handler Swissport to China's HNA

July 30, 2015 11:04 AM

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July 30 European private equity firm PAI Partners said it agreed to sell air cargo handler Swissport International Ltd to China's HNA Group Co Ltd for 2.7 billion Swiss francs ($2.8 billion).

Reuters had earlier this month reported that HNA, the owner of China's Hainan Airlines, was interested in buying Swissport.

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