Friday, 22 January 2016

Quelle Surprise: Sky News exclusively reveals HNA is working with Barclays on a £2 billion bid for London City Airport

I see Mark Kleinman, who I once had the pleasure of working for at The Sunday Telegraph, of Sky News has unearthed a rather interesting story about China's HNA Group working with Barclays on a multi-million takeover bid of London City Airport, the British dealmakers' favourite airport that has been put up for sale by its private equity owners.

Regular readers of little old Betaville won't be surprised to learn about HNA's interest in purchasing London City Airport. Why? Well, back in December 2015 Betaville revealed China's HNA had submitted a first round offer for London City Airport. In case you don't recall, here is the link to that story:

Still, I guess - to his credit - Kleinman has edged on the story further by writing HNA has got bankers at Barclays working on the financing for its London City Airport bid and stuck it in the top line of his jackanory.

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