Sweden's news in English

Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Scandic back in Swedish hands

Share this article

18:20 CET+01:00
Scandic, the Nordic region's largest hotel chain, is back in Swedish hands after being bought from Hilton Hotels by private equity company EQT for 7.7 billion kronor.

Scandic was bought in 2001 by Hilton Group, a United Kingdom-based company. The Scandinavian chain was put up for sale last year, shortly after the British group re-merged with American Hilton Hotels Corporation.

EQT, part-owned by the Wallenberg family, said it plans to expand the Scandic chain.

"The plan is mainly for organic growth, meaning that we will establish more hotels in markets where demand exists," said Johan Hähnel, communications director at EQT.

 
Get notified about breaking news on The Local

Share this article

From our sponsors

How to work 9-5 and travel the rest of the time

A full-time job shouldn't stop you from satisfying your wanderlust. The Local spoke to Travel After 5 blogger Alline Waldhelm to find out her tips and tricks for travellers who only have 25 days of annual leave.

Discussion forum