HNA: Chinese investor TAP with liquidity problems

According to news coming out in the press of Beijing, the Chinese group HNA, TAP shareholders through the Atlantic Gateway Consortium and grappling with severe liquidity problems, recently sold a stake in a Chinese Commercial Bank.

According to the Chinese financial information portal Caixin, the Aerial Wonder, subsidiary of HNA group, sold the participation of 3,1% the Rural Bank of Canton Commercial, that is quoted on the stock exchange of Hong Kong, por 154 milhões de euros.

The HNA faces difficulties to settle their debts, Since the Chinese authorities enacted more restrictive rules on the financing of enterprises, to reduce financial risks.

The group is even thinking of selling part of your participation in 25% in the chain of Hilton Hotels, por 973 milhões de euros.

It is recalled that the group still has important stakes in firms like Swissport or Deutsche Bank. Em Portugal, holds a stake in Atlantic Gateway, Consortium that holds 45% TAP and one of its subsidiaries, the Capital Airlines, inaugurated last July the first direct flight between China and Portugal.