NEW YORK — There are rumours The Blackstone Group may sell its stake in McLean, Va.-based Hilton Worldwide to a Chinese consortium, reports the Daily Mail UK.
Following the sale of the Waldorf Astoria to China’s Anbang Insurance Group for $2 billion, and recently relaxed rules around outbound investment, analysts won’t rule out that there is Chinese interest in Blackstone’s 55-per-cent stake in Hilton Worldwide. According to the news source, there were rumours Blackstone was approached by a Chinese consortium, including Shanghai-based JinJang International, which enquired about the price. It’s purported that Blackstone was offered $45 per share for its controlling stake.
Hilton was taken private by Blackstone in 2007 in a $26-billion deal. [pressreader.com/uk/daily-mail].
