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Blackstone says no plans to break up Hilton

NEW YORK (Reuters) - Blackstone Group <BX.N> said on Monday it plans to invest in recently acquired Hilton Hotels Corp and has no plans to sell any of the company's brands or major assets.
Posted : Mon, 29 Oct 2007 11:29:06 GMT
Author : Reuters
Category : US (Business)
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NEW YORK (Reuters) - Blackstone Group said on Monday it plans to invest in recently acquired Hilton Hotels Corp and has no plans to sell any of the company's brands or major assets.

Blackstone also said Matthew Hart, previously designated to become Hilton's CEO after the retirement of Stephen Bollenbach, will step down as Hilton president and chief operating officer. Hart will continue to serve on the company's board.

(Reporting by Chris Reiter)


(c) Reuters 2007. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.



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