Report: China’s HNA bidding for GE SeaCo
HNA Group, a Chinese conglomerate that owns Hainan Airlines and Great China Shipping, is vying with the New York U.S. private equity group Kelso to buy GE SeaCo, The Financial Times of London reported Monday.
GE SeaCo, the fifth-largest container leasing company, is partly owned by General Electric.
The Financial Times, quoting unnamed sources, said HNA was the “leading bidder” for the container company.
Last year Kelso invested in container-leasing company Cronos and Poseidon Containers Holdings, an Athens-based owner of containerships.