HNA Group to acquire Swissport Group from PAI Partners SAS

Swissport Group (“Swissport”) announces that PAI Partners SAS (“PAI Partners”) has today agreed to the sale of Swissport* to HNA Group Co. Ltd. (“HNA Group”), a global enterprise group based in Haikou, China. Swissport, the world´s largest ground and cargo handling company, will remain as a stand-alone business within HNA Group, complementing HNA’s existing activities including aviation, airport management, logistics and tourism.

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Swissport to acquire majority stake in AFS Aviation Fuel Services GmbH

Swissport International, the world's leading provider of ground and cargo handling services, today announced that it has signed an agreement with Air BP regarding the acquisition of Air BP’s share in AFS Aviation Fuel Services GmbH (AFS). This means that Swissport is taking over Air BP’s 50% stake in AFC (the holding company of AFS) and its 33.3% direct stake in AFS, as well as all AFC and AFS subsidiaries/associates. AFS is the largest provider of into-plane-fuelling services in Germany with operations at 10 German as well as 2 Austrian airports. The acquisition is subject to approval by German and Austrian competition authorities. Upon competition clearance Swissport will own a majority stake of 66.6% (through direct and indirect shareholding) of AFS and assume operational and financial control of the business in close cooperation with the co-shareholder DLH Fuel Company mbH, a 100% subsidiary of Deutsche Lufthansa AG.

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