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Big accommodation Author of this article: Li Haiqiang 2018-04-06
HNA’s recent submission to the stock exchange revealed its intention to sell Hilton equity,If for sale,Hainan Airlines can obtain 23 in just about one year.USD 500 million paper profit。However,Hilton has always emphasized that the agreement signed with HNA contains provisions to protect the interests of shareholders。
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According to foreign media reports,HNA Group is considering selling part or all of its stake in Hilton Worldwide Holdings。

A document submitted by HNA to the Securities and Exchange Commission on April 5 revealed its intention to sell its equity in the hotel company。Currently HNA holds 26% of Hilton shares,Total 82.5 million shares,Market value is approximately 188bet app download US.5 billion。The company has previously sold two major corporate businesses that were spun off from Hilton Hotels。The news is out,Hilton’s stock price rose by 1.3%,Close at 79 per share.USD 04。

“After the news is announced,Hilton’s stock price did not fall but rose,This shows that investors are not only expecting this to happen,It also supports dealing with potential threats as soon as possible,As if eager to rip off the band-aid,”Mizuho Securities USA LLC.)Head of Real Estate Equity Capital Markets J.T.Deignan said。

Hilton spokeswoman Meg Ryan declined to comment on the matter,Because this is HNA Group,Instead of information submitted by Hilton。

Since the government has increased the supervision of overseas investment,HNA Group has been forced to stop its previous multi-billion-dollar overseas mergers and acquisitions and instead dispose of many of its assets。As of now,HNA has reduced its stake in Deutsche Bank,For sale in New York、London、Real estate in Sydney and Hong Kong。According to Real Capital Analytics 188bet app Inc.Statistics,HNA holds real estate worth approximately US$14.6 billion around the world。

HNA purchased Hilton Worldwide equity from Blackstone Group for US$6.5 billion in 2017,Hilton recently spun off its two major businesses and listed them separately。Last month,Hainan Airlines has sold its timeshare vacation rental business Hilton Grand Vacations and hotel resort Park Hotels & Equity of two major resorts companies,23 obtained in total.USD 400 million in revenue。If HNA can sell Hilton shares at the current price,Then the company will receive nearly 23 from this deal.$500 million paper profit。

After completing two transactions,Hainan Airlines can take the opportunity to modify the rules and restrictions on the company’s stocks being locked up until next year,Triggering speculation that HNA may consider selling its stake in Hilton Worldwide and make a similar decision。

However,Hilton executives have repeatedly emphasized this to investors in interviews and earnings calls,The agreement signed between the company and 188bet online sports betting HNA includes provisions to protect shareholders’ rights and interests。

Hainan Airlines can withdraw early only after obtaining the consent of Hilton’s independent directors”,Rebert W.Baird & Go analyst Amanda Sweitzer says。

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