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Hna In Talks With Ant Financial To Sell It Unit Pactera – China Money Network

by chinamoneynetwork.com posted 8months ago 108 views
Heavily-indebted China’s HNA Group has held talks with investors including Ant Financial, an affiliated fintech company of Chinese e-commerce giant Alibaba Group, to weigh an outright sale and other options for its IT outsourcing unit Pactera. The company is also considering a spin-off of Pactera’s financial services business for a separate listing and has been in discussion with several potential investors, said Reuters citing people with knowledge of the situation. Alibaba-owned Chinese online payment platform Ant Financial is among the potential investors exploring a deal with Pactera.

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