Sale of Scara­mucci’s firm on sched­ule

Northwest Arkansas Democrat-Gazette - - BUSINESS & FARM - — 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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