LONDON Hilton Group Plc agreed to buy Scandic Hotels AB for 8.9 billion kronor, or US$890 million. The deal allows Hilton Group to enter the Nordic region and expand in Europe the purchase adds 133 Scandinavian properties and 21 European properties to Hilton s portfolio.
Separately, Hilton Group said profit in the first three months of the year rose 27% at its hotels compared to last year. (4/23/01)