Minor Hotels Europe & Americas to Delist from the Stock Exchange by the First Half of 2025
The Spanish market authorities have authorised the delisting of ex-NH Group, now a subsidiary of Minor Hotels International. This marks the end of a process that began six months ago, coinciding with the publication of excellent results for the first half of the financial year.
Minor Hotels Europe & Americas to delist from the stock exchange by the first half of 2025
Photo by Minor
The Spanish market authorities have authorised the delisting of ex-NH Group, now a subsidiary of Minor Hotels International. This marks the end of a process that began six months ago, coinciding with the publication of excellent results for the first half of the financial year.
Minor Hotels Group Continental Holding will acquire the 4.1% stake in Minor Hotels Europe & Americas still held by private shareholders.
This delisting is a decisive step in creating a more agile, efficient and focused organisation. It strengthens our ability to seize global growth opportunities and generate greater value for our shareholders. Dillip Rajakarier, CEO of Minor International Group
The approved transaction coincides with the publication of half-year results by Gonzalo Aguilar, CEO of MHE&A, which show Minor Europe & Americas' revenue at €1.2 billion, up 5%, and a 6% improvement in RevPAR, exceeding €102. Gross margin (EBITDA) amounted to €317 million and net profit for the period rose 58% to €112 million, including €26 million from the sale of assets.
The profitable results enabled a significant reduction in debt (to €114 million) following the early repayment of €400 million in bonds.