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HNA extends European foray in deal with forex provider ICE

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Hong Kong Airlines is one of the flagship assets of HNA Group.   © Reuters

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.

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