China: HNA Group acquires 16.8% in Swiss duty-free operator Dufry in $1.44b deal

China: HNA Group acquires 16.8% in Swiss duty-free operator Dufry in $1.44b deal

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Continuing its acquisition spree, Chinese conglomerate HNA Group is picking up a 16.8 per cent stake in Swiss duty-free stores operator Dufry AG, which is listed on the SIX Swiss Exchange, at a market value of about 1.44 billion Swiss francs ($1.44 billion).

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