HNA gains Austrian nod for C-Quadrat takeover in respite from setbacks

HNA gains Austrian nod for C-Quadrat takeover in respite from setbacks

FILE PHOTO: The HNA Group logo is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo

HNA Group‘s plan to take a majority stake in Vienna-based C-Quadrat Investment AG has gained approval from Austrian regulators, a rare recent win for the acquisitive Chinese conglomerate amid rising global pushback on its deals.

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