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Aug. 24 (Reuters) – RRJ Capital is in talks with Chinese conglomerate HNA Group Co for a $ 4 billion investment in US electronics distributor Ingram Micro Inc., Bloomberg said Saturday quoting people close to the issue.
The group led by RRJ, based in Hong Kong, will invest through an HNA bond that can be converted into nearly 50% of Ingram Micro's shares, Bloomberg said, bloom.bg/2NtC3Bz.
In the face of soaring debt and China's crackdown on aggressive trading companies, the conglomerate of airlines to finance HNA continued its efforts with a series of badet disposals, which included up to $ 25,000. now real estate and participations in hotel groups.
RRJ Capital, HNA Group and Ingram Micro were not immediately available for comment. (Report of Mekhla Raina in Bengaluru, edited by Leslie Adler)
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