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China’s HNA to buy 25 percent stake in Hilton for $6.5 billion

October 24, 2016 by · Leave a Comment 

Chinese aviation and shipping conglomerate HNA Group said on Monday it would buy about 25 percent of hotel operator and manager Hilton Worldwide Holdings Inc from biggest shareholder Blackstone Group LP for $6.5 billion. Shares of Hilton, whose brands include Conrad Hotels & Resorts, Curio and Double Tree as…

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China’s HNA to buy 25 percent stake in Hilton for $6.5 billion