Beverly Hills: US private equity firm Platinum Equity will buy HNA Group Co’s technology distribution business Ingram Micro Inc in a deal valued at about US$7.2bil.
Platinum signed a definitive agreement to acquire Ingram Micro from HNA Technology Co, a Shanghai-listed unit of the Chinese conglomerate, it said yesterday. The sale is expected to be completed by the first half of 2021, according to the statement, which confirmed an earlier Bloomberg News report.
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