NH Hotel soars after Spanish regulator lifts trading suspension

Minor Hotels Europe & Americas SA

10/05/2023 10:48

** Shares of Spain's NH Hotel Group  NHH.MC  resumes trading
and jump 17%, paring gains after rising as much as 24%, as the
trading suspension was lifted by the Spanish regulator
    ** CNMV on Monday suspended the trading of shares in NH
Hotel Group pending information from the company, just as its
Thailand-based parent company offered to buy NH stocks in the
market at a 4.5 euro price and starting a delisting process
    ** The Spanish stock market regulator said it would not
approve a deal with a price below the higher range of 5.68 euros
    ** Minor International  MINT.BK , which owns a 94% stake in
NH, said on Tuesday it has decided to withdraw its first
proposal and will now offer to buy NH's outstanding shares on
the Madrid stock exchange for a 30-day period at market price 
    ** Minor says it has no intention of acquiring additional
shares of NH Hotel Group once the 30-day period has ended or
promoting a delisting of the shares of the group
    ** If gains hold, the stock will see its best day since
November 2020

 (Reporting by Joao Manuel Mauricio and Corina Pons)
 ((JoaoManuel.VicenteMauricio@thomsonreuters.com))