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Chinese need money: will Swissport be sold soon?

First, the main customer at Zurich Airport puts pressure on it, and now there may soon be a change of ownership. This means that the airport service provider Swissport will probably be sold. Not only because times are difficult because of Corona, but also because the current owner, the Chinese HNA group, urgently needs money himself.

And this is what the deal may look like, according to the Financial Times (FT): According to this, the creditors have offered a restructuring of the debt mountain of about 2.1 billion euros. That means: the creditors would go over from their money, in return they would get the majority in Swissport. This would make the creditors the new owners of Swissport. According to FT, these investors are the private limited companies Apollo Global Management and SVP Global.

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