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HNA to Buy Majority Stake in Hahn Airport in Germany

HNA Group, the Chinese conglomerate which owns Hainan Airlines, has agreed to buy a majority stake in Frankfurt-Hahn Airport in Germany for €15 million (US$, as part of its drive to expand its transportation portfolio. It has signed what parties are both calling a definitive agreement with the Rheinland-Palatinate Ministerial…

Geely Plans to Abandon Bid for Lotus Owner

Billionaire Li Shufu said he’s planning to pull Zhejiang Geely Holding Group Co. out of a bid for Proton Holdings Bhd., saying the Malaysian carmaker keeps changing its plans. “They keep changing, today it’s this, tomorrow it’s that,” Li said in an interview in Beijing Friday, before attending the opening…
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