HNA buys key stake in German airport

Move is latest in series of acquisitions by group to step up global expansion

Chinese conglomerate HNA Group has acquired a majority 82.5 percent stake in Hahn airport in western Germany, its owner, the state government of Rheinland-Pfalz, said in a statement on Wednesday.

This is the first acquisition of an overseas airport by HNA, the parent of China's biggest private commercial airline.