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Sunday, December 20, 2009

FINANCIALS| Abu Dhabi's ADIA Buys 10.9% Hyatt Hotels Common Stock

Abu Dhabi Investment Authority, one of the world's largest sovereign wealth funds, has bought 10.9% of Hyatt Hotels Corp. (H) shares floated by the company, a filing showed Tuesday.
The fund, also known as ADIA, bought 4.76 million Hyatt Class A common stock shares in the hotel chain, according to a filing with the U.S.

Securities and Exchange Commission. The stake brings ADIA's shareholding in the overall company to just under 3%. The bulk of other stock is held in the form of Class B shares by the company's founding Pritzker family.

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