HNA Sale of Hilton Stock Could Be Worth $6.5 Billion
Skift Take
No doubt most Wall Street analysts and Hilton shareholders are likely happy about this news. We do, however, have to wonder how Carlson Hotels, which is 100 percent owned by HNA, is taking this recent news.
Hilton confirmed that one of its largest shareholders, Chinese conglomerate HNA Tourism Group, plans to sell all of its 26.1 percent stake in the hotel company, confirming news reported last week that the company would sell part or all of its shares.
Hilton's newly amended agreement with HNA Group allows HNA to sell all of its 82.5 million shares in Hilton, revising a previously held agreement that would not have allowed HNA to sell its shares
