A collection of Chinese groups are interested in buying Ingram Micro from HNA Group, Reuters reports-- with potential buyers including state-backed investor China Huarong Asset Management.
HNA Group, the aviation-to-financial services wing of logistics conglomerate Tianjin Tianhai, acquired Ingram Micro back in February 2016 for $6 billion. The deal was just part of a shopping spree worth $50 billion announced by the conglomerate over the past 2 years. However it now faces "soaring" debts, not to mention a Chinese government crackdown on "aggressive dealmaking firms."
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