Sunday, January 15, 2012

Chinese firms eyeing acquisitions in India

New Delhi: For the second time in less than a month, a Chinese company has hit the headlines in relation to a potential investment in an Indian company, signalling the growing interest in India among Chinese businesses.
Chinese airline and hospitality player HNA Group is reportedly keen on buying the India operations of travel services major Thomas Cook (India) Ltd.
Although Thomas Cook has denied media reports to the effect, industry sources said HNA is scouting for India buys in the travel and hospitality space.
It is also one of the bidders for Aman Resorts, a luxury property which was put on the block by DLF Ltd.
There have also been reports that the Hong Kong-based Bravia Capital may have infused some funds into the cash-strapped Kingfisher Airlines. Bravia already has a joint venture in India with IL&FS.
14/01/12 Business Line
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