HNA Group among bidders for Hochtief airports unit: reports

HNA Group was reportedly one of five final bidders for Hochtief's airports business (21st Century Business Herald, 14-Jul-2011). HNA Group Chairman Chen Feng was reportedly in Dusseldorf and Berlin this month after the group submitted its bid through an airports unit. Around five bidders were conducting due-diligence assessments and will likely offer up to EUR800 million to EUR900 million for Hochtief's airports business, it has been reported. Other likely bidders reportedly including Global Infrastructure Partners (GIP)-Alliance, Fraport-RREEF, Vinci and Singapore Changi Airport.