Minor’s Bid For NH Hotels Approved At 6,3 €/Share, Limited Margin
The Spanish stock market regulator (CNMV) has confirmed its authorisation for the bid of Minor Hotels for the 53.75% of the capital which it still does not control in NH Hoteles (NHH), fixing the purchase price at 6.3 euros per share and valueing the Spanish hotel company at some 2.5 billion euros. Minor now has a period of five working days to disseminate the offer.