HNA Explores Ingram Micro Sale, China Huarong Held Talks

(Reuters) Several Chinese groups, including Huarong Asset Management, have been in discussions this year to buy Ingram Micro from HNA Group as the once-acquisitive conglomerate continues its efforts to retrench, according to sources with knowledge of the talks. The U.S. IT parts distributor, which HNA [HNAIRC.UL] bought for $6 billion, is part of the $50 billion worth of deals the conglomerate announced over the past two years. Now, faced with soaring debts and Beijing’s crackdown on aggressive dealmaking firms, HNA is looking to raise cash through sales.

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