Chinese conglomerate HNA Group Co. has sold its shares in Hilton Grand Vacations Inc. for $1.1 billion, as the once aggressively acquisitive company continues practicing asset disposal in order to repay debts
HNA Group
HNA Makes $6.5 Billion Deal to Acquire 25 Percent Stake in Hilton
In a transaction valued at roughly $6.5 billion, HNA Group has acquired approximately 25 percent equity in interest from Blackstone Group LP, which was Hilton’s biggest shareholder prior to the deal.
HNA Group Makes Strategic Investment in Hilton
HNA will acquire an approximate 25 percent equity interest in Hilton from affiliates of Blackstone, establishing a long-term strategic investment in Hilton and Hilton’s planned spin-offs of Park Hotels & Resorts (“Park”) and Hilton Grand Vacations (“HGV”)
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HNA Group
Shares of Hilton Grand Vacations Inc. go for $1.1 billion
Chinese conglomerate HNA Group Co. has sold its shares in Hilton Grand Vacations Inc. for $1.1 billion, as the once aggressively acquisitive company continues practicing asset disposal in order to repay debts
HNA Makes $6.5 Billion Deal to Acquire 25 Percent Stake in Hilton
In a transaction valued at roughly $6.5 billion, HNA Group has acquired approximately 25 percent equity in interest from Blackstone Group LP, which was Hilton’s biggest shareholder prior to the deal.
HNA Group Makes Strategic Investment in Hilton
HNA will acquire an approximate 25 percent equity interest in Hilton from affiliates of Blackstone, establishing a long-term strategic investment in Hilton and Hilton’s planned spin-offs of Park Hotels & Resorts (“Park”) and Hilton Grand Vacations (“HGV”)
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.