- Mar 15, 2018 -
Chinese HNA Group will sell its 25 percent stake in Hilton Grand Vacations Inc (HGV.N).
It is the latest attempt by HNA.
Its restructuring drive follows a $50 billion acquisition spree in the last two years, which has sparked scrutiny of its opaque ownership and use of leverage.
HNA bought a 25 percent stake in hotel chain Hilton Worldwide from Blackstone Group (BX.N) in 2016.