HNA Buys 20% Stake In Spain’s NH Hoteles | FT.com
HNA, the acquisitive Chinese airline and logistics group, is paying €431.6m ($620m) for a 20 per cent stake in Spain’s NH Hoteles, in the latest foray by a Chinese investor into previously unfamiliar European markets. Spain, struggling to recover from the economic recession that followed the global financial crisis, has been courting Asian and Middle Eastern investors and sovereign wealth funds to buy its government bonds and stakes in Spanish companies.
