HNA puts $1.4 billion stake in Hilton spinoff up for sale
03/02/2018|1:58:38 PM|Bloomberg

HNA Group plans to sell as much as its entire $1.4 billion stake in Park Hotels & Resorts. as the debt-laden Chinese conglomerate speeds up asset disposals to repay debts.

The sale could involve some or all of HNA and its units’ 53.7 million shares, according to a regulatory filing in the U.S. Any disposal would be subject to market conditions, according to the statement.

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