HNA Group interested in Ferrovial's BAA unit
Chinese airline and tourism company HNA Group has reportedly expressed an interest in acquiring a 10% stake in Ferrovial's BAA Airports unit. Ferrovial plans to sell a 10% stake in BAA with non-binding offers expected in 1H2011. The company has reportedly valued the stake at GBP300 million. HNA is China's fourth-largest airline group and owns more than a dozen airports in China.