trending Market Intelligence /marketintelligence/en/news-insights/trending/k0Hh9bRKzNmCqiTWEmji3g2 content esgSubNav
In This List

Report: HNA negotiates potential sale of Ingram Micro to Apollo

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Report: HNA negotiates potential sale of Ingram Micro to Apollo

HNA Group Co. Ltd. is in talks to sell U.S.-based electronics distributor Ingram Micro Inc. to buyout firm Apollo Global Management LLC, The Wall Street Journal reported, citing people with knowledge of the matter.

The Chinese conglomerate aims to sell Ingram for $7.5 billion, including $1.5 billion of debt. HNA rejected an earlier bid that it deemed to be too low, the sources told the publication.

The sources added that Ingram also attracted interest from other U.S. private equity firms but the negotiations with Apollo seem to be the most advanced, according to the Journal.

In November, HNA was reported to be looking to sell assets in an effort to minimize its debt.