Top Story

Ingram Micro in talks over sale

Ingram Micro’s parent company HNA announced recently it is in talks over a potential sale of Ingram Micro to Apollo Asset Management. The deal comes with a $7.5bn price tag, including $1.5bn of debt. HNA purchased the distributor in 2016 for $6bn but due to a recent crack down by the Chinese government on aggressive deal making firms.

HNA released a statement on Christmas Eve as to why they were dumping the asset, it read, “due to changes in market conditions and the company’s strategy, the company is in talks with a concerned party on selling Ingram Micro.”

Initially reported by the Wall Street Journal, apparently Apollo has already made one offer which was considered too low to accept.

The following two tabs change content below.

David Dungay

Editor - Comms Business Magazine