Tuesday, October 25, 2016

The chinese investor in the TAP purchase 25% of Hilton hotels – Express

The chinese group HNA, which will go on TAP through the Blue (the airline, the brazilian who holds 23,7% of the capital), reported that it will buy fund manager Blackstone for about 25% of the capital Hilton, the second-largest hotel network in the world, in a transaction valued at 6.5 billion dollars (close to 6000 million euros)

In a statement, the chinese group, owner of Hainan Airlines, announces want to conclude the deal in the priimeiro quarter of 2017.

Hilton has announced that it will do, until the end of this year, a spinf-off of the business Park Hotels & Resorts and Hilton Grand Vacations, by which the HNA will be left with about 25% of the whole of the three companies.

The participation of Blackstone in the Hilton should be reduced to around 21%. The fund manager shall continue to have two seats on the board of directors of the hotel chain, including Jon Gray, who will retain the post of president.

The group HNA, which began as the operator of air transportation, in 1993, operates today in the sectors of aviation, tourism, real estate and logistics. Holds assets amounting to 80.5 billion euros, which led to 25.5 billion euros in revenue in 2015, and has about 180 thousand workers in the world. In the sector of aviation has a fleet of 820 planes, serves almost 700 routes and 77.7 million passengers per year. Operates and manages the airlines Tianjin Airlines, Deer Jet, Lucky Air, Capital Airlines, West Air, Fuzhou Airlines, Urumqi Air, Beibu Gulf Airlines, Yangtze River Airlines, Guilin Airlines, My Job, Africa World Airlines, Aigle Azur and Hainan Airlines, which is listed in Hong Kong and has relationships shareholders with the Grand China Air, which has capital public chinese province of Hainan. It is also the fourth largest world operator leasing of aircraft (with more than 220 aircraft).

Same here next door in Spain, the group has a stake of 29.5% in NH Hoteles. At the global level, owns and manages a network of more than 200 travel agencies, 1100 cars for rent, 450 hotels, real estate (shops, outlets and supermarkets, which total 1.2 million square meters), 50 cargo ships with a transport capacity of annual more than 46 million tons and an industrial fund of €1.6 billion.

Of the rest, manages 13 airports in China and was one of the entities who raised the memo the newsletter of the privatisation of ANA in 2012. In TAP, held a loan of 120 million euros to the airline, brazilian Blue, intended for the purchase of convertible bonds of the TAP to 10 years.


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