Stockholm-based EQT has acquired the Nordic region's largest hotel chain Scandic for EUR 833 mln. The deal includes a total of 132 hotel sites in Scandinavia, with 128 under the Scandic brand and three under the Hilton banner. The sale is expected to be finalised in April, pending approval by EU's market regulators. Hilton Hotels was advised by Citigroup Global Markets and Mannheimer Swartling.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
