Hilton Group Demerger To Increase Shareholder Value

LONDON Hilton Group PLC is likely to split up its gaming and hotel divisions to realize shareholder value within the next 12 to 18 months. It is believed that the company will auction off the capital-intensive hotels and use part of the proceeds for a special dividend. The rest of the proceeds will be used to expand Ladbrokes online gaming business. (2/9/01) SOURCE:Dow Jones Newswires