Thursday, April 26, 2007

EU approves EQT buy of Scandic Hotels

(Reuters) - Scandic is a hotel chain operator and is currently owned by Hilton Hotels Corp.'s , the Commission said.

Hilton said on March 2 it would sell its Scandic Hotel chain to EQT for about $1.1 billion as it seeks to reduce debt amid buoyant lodging valuations.


Read more at Reuters.com Mergers News

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