Market loses second jumbo Swiss IPO as HNA postpones Swissport
HNA, the Chinese conglomerate, has postponed the flotation of Swissport, the Swiss air freight handling company, citing unfavourable market conditions.
Swissport was acquired by HNA from PAI Partners in July 2015 for Sfr2.73bn.The postponement of the deal on Tuesday, which was first announced in January, comes less than two weeks after HNA pulled the IPO of Gategroup, the Swiss airline catering company, after the deal could not ...
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