HNA Group, the Chinese conglomerate, has emerged as a leading bidder for GE SeaCo, the container leasing business put on the block by General Electric and its joint venture partner.
People familiar with the matter said that HNA was now vying with Kelso, the private equity group, to buy GE SeaCo, which could fetch up to $3bn including debt.
While one person following the process suggested that HNA was now considered the frontrunner to buy GE SeaCo, others cautioned that GE was still reviewing all its options and no announcement was imminent.
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