Skip to content
Subscriber Only

Singapore’s Temasek Considers Stakes in HNA Units Swissport and Gategroup

  • Singapore firm explores investing in variety of HNA affiliates
  • Agreements on some of the deals could be reached as soon as 3Q
Swissport operations at Zurich Airport

Swissport operations at Zurich Airport

Photographer: Michele Limina/Bloomberg
Updated on

Temasek Holdings Pte is studying potential investments in Swissport Group and Gategroup Holding AG, both owned by HNA Group Co., as it considers deals with the indebted Chinese conglomerate, people with knowledge of the matter said.

Temasek, which inked a partnership with the Chinese group this week, is exploring buying stakes in a number of HNA affiliates that are complementary to its portfolio companies, the people said. It may reach agreements on some of the potential deals as soon as the third quarter depending on the pace of negotiations, one of the people said, asking not to be identified because the information is private. Swissport’s bonds jumped by a record.