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HNA Wants to Sell Its $6.5 Billion Hilton Stake

  • Group discloses intent to sell shares in regulatory filing
  • Debt-strapped conglomerate looks to sell some or all of stake
A Hilton Worldwide Holdings Inc. Hotel Ahead Of Earnings Figures
Photographer: Patrick T. Fallon/Bloomberg
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HNA Group Co. is seeking to sell some or all of its stake in Hilton Worldwide Holdings Inc., part of a global asset purge by the debt-laden Chinese conglomerate.

HNA disclosed its intention to sell the hotel company shares in a regulatory filing Thursday. The firm owns 26 percent of Hilton’s stock, or 82.5 million shares with a market value of about $6.5 billion. It has already disposed of its stakes in two of the hotel operator’s spinoffs. Hilton shares rose 1.3 percent to close at $79.04 in New York.