Abu Dhabi Stake in Hyatt Revealed
By Eric Bosco
December 15, 2009 5:36 PM
December 15, 2009 5:36 PM
The Abu Dhabi Investment Authority holds an anchor stake in US hotels operator Hyatt Group (NYSE: H)(FREE stock trend analysis), Hyatt has disclosed.
ADIA bought just over 10% of the company’s recent share offering, putting its stake in the company at 2.5% of total shares.
The terms of the deal were not disclosed.
ADIA is the largest investment vehicle the Emirate controls to manage its wealth.
Hyatt’s shares gained 64 cents, or 2%, to close at $30.15 in trading today.
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