HONG KONG -- China's HNA Group agreed to buy London-based currency exchange operator International Currency Exchange from Lenlyn Holdings for an undisclosed amount on Friday.
The takeover, made through its wholly-owned subsidiary HNA Tourism, marks HNA Group's second bid for European assets within a week and continues its wider policy of foreign acquisitions. On Monday, it announced a $1.5 billion all-cash offer to acquire Gate Group Holdings, the Zurich-based airline catering and hospitality services company that was divested from Swiss Air when it went bankrupt in 2001.
