HNA Group acquired the petroleum products storage and logistics business of Glencore.

Synopsis

HNA Group, a Chinese conglomerate headquartered in Haikou, acquired the petroleum products storage and logistics business of Glencore, a British–Swiss multinational commodity trading and mining company, for $775m.

Principals

target

Hg Storage International

bidder

Hna Group Co

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15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.