China: HNA Group acquires 16.8% in Swiss duty-free operator Dufry in $1.44b deal

Continuing its acquisition spree, Chinese conglomerate HNA Group is picking up a 16.8 per cent stake in Swiss duty-free stores operator Dufry AG, which is listed on the SIX Swiss Exchange, at a market value of about 1.44 billion Swiss francs ($1.44 billion).