Chinese conglomerate HNA Group (SZSE: 000616) has reportedly set its sights on two rather different targets. The first is Dufry (SIX: DUFN), a $7.6 billion Swiss airport retailer in which HNA is seeking an unspecified stake, according to The Wall Street Journal; the second is Integrated Whale Media Investments, the majority owner of Forbes, in which HNA is aiming to acquire a controlling stake in a deal that could exceed $400 million, per Reuters.
The transactions would continue a busy stretch for HNA. Earlier this month, the conglomerate completed the acquisition of a 25% stake in Hilton (NYSE: HLT) from Blackstone for roughly $6.5 billion. A few days ago, HNA announced an agreement to buy a 25% stake in OM Asset Management (NYSE: OMAM), a unit of UK insurer Old Mutual (LON: OML), for $446 million.