Caixin
M&A

China’s Mega-Dealmakers Pivot to Recoup Capital

HNA Group is one of China’s most aggressive dealmakers and has spent more than $25 billion since 2015 on global assets. Photo: Visual China
HNA Group is one of China’s most aggressive dealmakers and has spent more than $25 billion since 2015 on global assets. Photo: Visual China

Some of China’s boldest foreign dealmakers are racing to raise capital by issuing bonds and selling assets, signaling a retreat from an overseas shopping spree that lasted several years and added up to tens of billions of dollars.

HNA Group, which owns large stakes in Deutsche Bank and Hilton Worldwide, picked up the pace in issuing bonds at home and overseas in recent months. The push has fueled speculation that HNA’s aggressive acquisitions strained its finances.

ladingImg
You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
Copyright © 2018 Caixin Global Limited. All Rights Reserved.