China's HNA Group to buy 25 per cent stake of Hilton
from The Wall Street Journal
Chinese conglomerate HNA Group recently said it plans to buy a roughly 25 per cent stake in Hilton Worldwide Holdings from Blackstone Group for $6.5 billion, the latest move into American real-estate assets by a Chinese firm. Under the terms of the deal, which will reduce Blackstone's interest in Hilton to approximately 21 per cent, HNA will pay $26.25 a share in cash for the stake.
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