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HNA in talks to sell IT products distributor for $7.5bn

Chinese conglomerate aims to shed assets to focus on aviation

HNA acquired Ingram Micro, one of America's largest distributors of personal computers, for $6 billion about two years ago.   © Reuters

Chinese conglomerate HNA Group Co. is in discussions to sell Ingram Micro Inc., one of America's largest distributors of personal computers and other technology products, to private-equity firm Apollo Global Management LLC, according to people familiar with the matter.

Apollo made an offer for Ingram two weeks ago, the people said, but HNA rebuffed it as too low. HNA is hoping to sell Ingram for $7.5 billion, including $1.5 billion in debt, one of the people said. Apollo and HNA are currently in talks to see if a deal can be reached, the people said.

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