Nov 23 (Reuters) - Automotive Holdings Group Ltd (AHG) said on Thursday it will sell its refrigerated logistics business to a unit of HNA Group (International) Co Ltd for A$280 million ($213.28 million) in cash.
The enterprise value of the deal will be A$400 million after including assumptions of finance lease liabilities associated with the refrigerated logistics business.
Stephen Cleary will remain with the refrigerated logistics business as CEO, the company said. ($1 = 1.3129 Australian dollars)
