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Hilton+unveils+sale+of+25%25+stake+to+China%27s+HNA
Tuesday, 25 October 2016 - 11:02
Hilton unveils sale of 25% stake to China's HNA
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HNA paid $6.5bn for the stake previously owned by Hilton's biggest shareholder Blackstone.

Chinese companies have increasingly been investing in tourism-related businesses overseas as more Chinese citizens travel abroad.

This latest move by HNA is part of the group's efforts to become a "global tourism business," said the company's chief executive Adam Tan.

HNA announced in April that it had agreed to acquire Carlson Hotels, which owns the Radisson and Park Plaza brands. 
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