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External Article Markets & Performance

Thailand's Minor to buy stake in Europe hotel chain from China's HNA - nikkei.com

Company aims to raise its interest in NH Hotel to more than 50%

Minor International will buy European hotel operator NH Hotel Group in a deal set to more than triple the Thai company's hotel network to around 540 locations.

Minor

Minor International will buy European hotel operator NH Hotel Group in a deal set to more than triple the Thai company's hotel network to around 540 locations.

Minor said Wednesday it will acquire roughly 25% of NH Hotel's outstanding shares by September from Chinese conglomerate HNA. This will raise Minor's stake in the Spain-based group to 34.7% from 9%, replacing HNA as the top shareholder.

Minor will then launch a tender offer to boost the stake further to between 51% and 55% by the start of 2019. NH Hotel is expected to remain listed on the Madrid Stock Exchange.

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Markets & Performance Markets & Performance
Minor
Management CompanyBrand OwnerHotel Group

Minor Hotels is a global hospitality group operating over 550 hotels, resorts and residences in 56 countries, pursuing its vision of crafting a more passionate and interconnected world. As a hotel owner, operator and investor, Minor Hotels fulfils the needs and desires of today’s global travellers through its diverse portfolio of eight hotel brands – Anantara, Avani, Elewana Collection, NH, NH Collection, nhow, Oaks and Tivoli – and a...