Northwest Arkansas Democrat-Gazette

Sale of Scaramucci’s firm on schedule

- — Bloomberg News

NEW YORK — Anthony Scaramucci’s deal to sell his stake in SkyBridge Capital, the investment firm he founded in 2005, is on track after his ouster as White House communicat­ions director.

SkyBridge’s deal to sell a majority stake to a subsidiary of HNA Group Co., the Chinese conglomera­te and parent company of Hainan Airlines, and an investment firm called Ron Transatlan­tic is still expected to close within the next few weeks, spokesmen for the firms said Tuesday.

“The news about Anthony Scaramucci leaving his role as White House communicat­ions director has no impact on HNA’s commitment to closing the SkyBridge transactio­n as soon as possible,” Robert Rendine, a spokesman for HNA, said in an email. “We fully expect it to move forward and there is no change from our hope that it will be closed by the end of the summer.”

The “transactio­n remains on track for approval,” Rich Myers, a spokesman for SkyBridge Capital, said in an email.

Scaramucci was fired Monday by newly appointed White House Chief of Staff John Kelly just 10 days after he was tapped for the post.

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