SWFI First Read, April 26, 2017

HNA Group Takes Sizable Stake in Dufry

Hainan-based conglomerate HNA Group inked a deal to acquire a 16.79% ownership stake in Dufry AG, a Swiss duty-free retail operator, for around 1.44 billion CHF. HNA acquired the Dufry stakes from both GIC Private Limited and Temasek Holdings, according to an exchange filing.

National Bank of Abu Dhabi to be Renamed to First Abu Dhabi Bank

Shareholders of the National Bank of Abu Dhabi (NBAD) have approved a name change due to its merger with First Gulf Bank. NBAD will be renamed to First Abu Dhabi Bank. The merged bank is the largest bank in the United Arab Emirates (UAE).

State of Michigan Retirement System Backs Data Center Development in Dallas

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