You are here

China firm in advanced talks to buy CWT

Sources say exclusivity pact could be signed within a week; sale to HNA would trigger GO



SHARES of CWT rose on Friday on news that the controlling shareholders are in advanced talks for a potential sale of their stakes to China's HNA Group, which could trigger a general offer (GO) if a deal consummates.

An exclusivity agreement between the controlling...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to