EQT Buys Nordic Hotel Chain from Hilton

EQT Partners has agreed to acquire Scandic Hotels AB from Hilton Hotels Corp. (NYSE: HLT) for an undisclosed amount. Scandic is the largest hotel chain in the Nordic region with 132 hotels and more than 23,000 rooms in 9 countries in northern < ?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Europe. In 2006, the company reported sales in excess of SEK 6 billion and has approximately 5,700 employees. www.eqt.se