Report: Blackstone to Take Hilton Public
From The Independent:
IPO Would Cover Domestic, International Operations
Private-equity giant Blackstone is finessing the accounts for its Hilton Worldwide hotels empire in preparation for an eventual flotation in New York or London. Accountants are understood to be poring over the books to bring them up to international financial reporting standards, a prerequisite for listing on the world's major exchanges. There is not thought to be a timetable for the flotation, but Blackstone executives are keen that Hilton be fully prepared to move quickly when they decide the time and markets are right for a share sale. Click here for the full story.
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