Chinese Cargolux deal ready for take-off
Chinese investment group HNCA has received the seal of approval by both the outgoing and incoming government to buy a 35 percent share in freight airline Cargolux.
(CS/mig) Chinese investment group HNCA has received the seal of approval by both the outgoing and incoming government to buy a 35 percent share in freight airline Cargolux.
HNCA will acquire the share directly or indirectly for 231 million USD, government “formateur” Xavier Bettel said, adding that the investment group has agreed to create a 15 million USD guarantee fund to absorb possible losses.
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