Luxembourg courts Chinese investors for Cargolux stake


Luxembourg is in talks with Chinese investors over the sale of its 35 percent stake in freight-only airline Cargolux .

The government said in a statement that representatives of Henan province and investment vehicle Henan Civil Aviation Development and Investment Company (HNCA) had visited Luxembourg airport and the Cargolux headquarters on Monday.

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"The HNCA company, being one of the potential candidates which have expressed their interest in the Cargolux stake, is in close talks with Luxembourg," the government said in a statement.

Luxembourg said in December it had bought back a stake in Cargolux from Qatar Airways for the original sale price of $117.5 million, with the intention of selling it on soon.

Cargolux's other shareholders include Luxembourg airline Luxair (43.4 percent) and state-owned Luxembourg banks BCEE (10.9 percent) and SNCI (10.7 percent).

(Reporting by Robert-Jan Bartunek; editing by Philip Blenkinsop and Louise Heavens)