RRJ Capital In Advanced Talks To Invest $4 Bln In HNA's Ingram Micro : Report

(RTTNews) - RRJ Capital is in advanced talks with Chinese conglomerate HNA Group Co. to lead a $4 billion investment in Ingram Micro Inc., Bloomberg reported citing people familiar with the matter.

The group led by the Hong Kong-based private equity firm will invest through an HNA bond that can be converted into close to 50% of Ingram Micro's shares. An agreement could be signed as early as next week, the report said.

The bond proceeds will be used to pay down a loan taken by HNA from Chinese banks for the acquisition of the U.S. networking and software distributor, the report said.