China: HNA agrees to share sale and repurchase deal for Spain's NH Hotel

China: HNA agrees to share sale and repurchase deal for Spain's NH Hotel

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

China’s heavily indebted airline-to-property conglomerate HNAGroup has agreed a sale and repurchase deal on some of its shares in Spain’s NH Hotel Group to raise cash for internal financing.

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