May 18, 2018 / 11:43 AM / 7 months ago

Blackstone to sell remaining stake in Hilton

May 18 (Reuters) - Hilton Worldwide Holdings Inc said on Friday private equity firm Blackstone Group LP has decided to exit the hotel chain operator by selling about 5.8 percent, or 15.8 million shares, of its shares.

Hilton said it will not receive any proceeds from the sale.

Blackstone took the company public in December 2013, about six years after taking it private in a $26 billion leveraged buyout.

Reporting by Arunima Banerjee in Bengaluru; Editing by Arun Koyyur

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